Sarthaks Test
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From the following information extracted from the books of M/s Sherya, prepare a Balance sheet as on 31-03-2020. During the year ended 31-03-2020 M/s Sherya earned a net profit of Rs. 1,00,000. The Position of assets and liabilities on 31-03- 2020 was as follows :

Cash in hand Rs. 2,00,000Investment Rs. 1,20,000Cash at bank Rs. 4,00,000
Land and Bulding Rs. 4,80,000Devtors Rs. 1,00,000
Capital Rs. 16,50,000Stock Rs. 7,00,00Bankoverdraft Rs. 2,50,000

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Balance Sheet of M/s Shreya as at 31.03.2020

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