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M/s Saniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended March 31, 2017 (5 marks)
April. 31, 2016
March. 31, 2017
Rs
Cash in hand
6,000
24,000
Bank overdraft
30,000
–
Stock
50,000
80,000
Sundry creditors
26,000
40,000
Sundry debtors
60,000
1,40,000
Bills payable
12,000
Furniture
Bills receivable
8,000
28,000
Machinery
1,00,000
Investment
By: santosh ProfileResourcesReport error
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