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