4. From the following balances prepare a balance sheet as on \( 31^{\text {st }} \) March 2016
\begin{tabular}{|l|l|}
\hline Cash in hand & 12,000 \\
\hline Cash at bank & 8,000 \\
\hline Books & 16,000 \\
\hline Billiard Table & 24,000 \\
\hline Furniture & 30,000 \\
\hline Investment & 30,000 \\
\hline Prepaid expenses & 20,000 \\
\hline Building & \( 1,00,000 \) \\
\hline Outstanding expenses & 40,000 \\
\hline Subscription received in advance & 24,000 \\
\hline Subscription accrued & 20,000 \\
\hline Surplus(income over expenditure) & 20,000 \\
\hline
\end{tabular}
