Answer Posted / lalit

BALANCE SHEET

LIBILITY ASSET
CAPITAL CURRENT ASSET
RESERVE & SURPLUS FIXED ASSET
LOANS LIBILITY INVESTMENT
CURENT LIBILITY MISC EXP(ASSET)


PROFIT LOSS A/C.
1.OPENING STOCK
2.PURCHASE A/C
3.DIRECT EXP
4.CLOSING STOCK
5.SALES A/C.
6.OTHER INCOME
7. GROSS PROFIT= {(1+2+3)-(4+5+6)}
8. NET PROFIT = (7 - DUTIES & TAXES -DEPRICIATION)

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