The balance sheet shows Grace Home 2's financial position as of January 6, 2023. It lists current assets totaling $9,546.54 including closing stock, sundry debtors, and cash-in-hand, as well as a profit and loss account of $3,45,453.46. On the liabilities side, it shows current liabilities of $3,55,000 owed to sundry creditors. The total assets and liabilities are equal at $3,55,000.
The balance sheet shows Grace Home 2's financial position as of January 6, 2023. It lists current assets totaling $9,546.54 including closing stock, sundry debtors, and cash-in-hand, as well as a profit and loss account of $3,45,453.46. On the liabilities side, it shows current liabilities of $3,55,000 owed to sundry creditors. The total assets and liabilities are equal at $3,55,000.
The balance sheet shows Grace Home 2's financial position as of January 6, 2023. It lists current assets totaling $9,546.54 including closing stock, sundry debtors, and cash-in-hand, as well as a profit and loss account of $3,45,453.46. On the liabilities side, it shows current liabilities of $3,55,000 owed to sundry creditors. The total assets and liabilities are equal at $3,55,000.