"repare Balance sheet of Mr. Vengo for the year 31 Decembe Particulars Particulars Capital Amount 40,000 6,400 Drawings Creditors Debtors Cash in hand 360 Cash at bank
"repare Balance sheet of Mr. Vengo for the year 31 Decembe Particulars Particulars Capital Amount 40,000 6,400 Drawings Creditors Debtors Cash in hand 360 Cash at bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Prepare Balance sheet of Mr. Vengo for the year 31* December 2020 in T-form:
Particulars
Amount
Particulars
Amount
Capital
40,000
4,400
Drawings
Creditors
Cash at bank
Debtors
6,400
4,200
Cash in hand
360
7,200
Furniture
3,700
Plant
10,000
Net profit
Closing stock
1,660
General reserve
1,000
14,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4047f91c-6d43-4b99-898a-fc372a8aca1f%2F98b42649-be67-42e9-8086-3c6a8100d49d%2Fk7bgd19_processed.png&w=3840&q=75)
Transcribed Image Text:Prepare Balance sheet of Mr. Vengo for the year 31* December 2020 in T-form:
Particulars
Amount
Particulars
Amount
Capital
40,000
4,400
Drawings
Creditors
Cash at bank
Debtors
6,400
4,200
Cash in hand
360
7,200
Furniture
3,700
Plant
10,000
Net profit
Closing stock
1,660
General reserve
1,000
14,800
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