Answer Posted / dadu

Liabilities:-

capital
Add:- Netprofit
less:- drawings

sundry creditars
bills payables
outstanding expences
income recived in advance

resurves and funds
income tax
lone from bank
provident fund
sales tax
excise duty


Assets:-

cash in hand
cash at bank

bills recivables
prepaid income
accured income
closing stock
insurence claime

sundry debtors

bad debts

good will
trademarks
patents
copyrigths

plants and machinaty
land and buildings
fixtures and fittings
furnichers
loose tools
sales tax
lone to any party
fixed deposits
investments

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