Final Account || Balance Sheet

Items to be recorded in the Capital and Liabilities side of Balance Sheet

1. Capital
2. Net profit or loss
3. Drawing
4. Bills payable
5. Bank Overdraft
6. Creditors
7. Loan
8. Reserve fund
9. Outstanding expenses

Items to be recorded in the Assets side of Balance Sheet

All assets are recorded here
1. Current assets:
   • Cash in hand
   • Cash at bank
   • Bills receivable
   • Debtors
   • Closing stock
2. Fixed Assets:
   • Tangible fixed assets: building, machinery, furniture, motor, etc.
   • Intangible fixed assets: good will, copy-right, patents, trade marks, etc

Example1: Prepare balance sheet of Sharma Guest House, Saptari on the last of Asar 2073 from the given transactions:

Parrticular	Amount	Particular	Amount
Capital	5,83,000	Net profit	1,98,000
Machinery	26,000	Cash Balance	22,000
Debtors	17,000	Bills payable	54,000
Reserve fund	65,000	Business premises	8,35,000

Solution:
Balance Sheet of Sharma Guest House As on 31st Ashar. 2073

Capital and Liabilities	Amount	Assets	Amount
Capital................ 5,83,000 Add: Net Profit.. 1,98,000	7,81,000	Machinery	26,000
Bills Payable	54,000	Cash Balance	22,000
Reserve Fund	65,000	Debtors	17,000
		Business Premises	8,35,000
	900,000		900,000

Example2: Prepare balance sheet of Mahakali Guest House Pvt. Ltd. As on Ashar 31 according to the following particulars

Particular	Amount	Particular	Amount
Capital	7,52,000	Debtors	25,000
Goodwill	13,000	Bank Overdraft	60,000
Net profit	1,38,000	Reserve fund	50,000
Furniture	4,00,000	Land and Building	5,62,000

Solution: 

Balance Sheet of Sharma Guest House As on 31st Ashar. 2073

Capital and Liabilities	Amount	Assets	Amount
Capital.......... ......7,52,000 Add: Net Profit... 1,38,000	8,90,000	Debtors	25,000
Bank Overdraft	60,000	Goodwill	13,000
Reserve Fund	50,000	Furniture	4,00,000
		Land and Building	5,62,000
	10,00,000		10,00,000

SHARE THIS