Question: Required:- Prepare Bank Reconciliation Statement (15 Marks) Q No. 3: The following trial balance is prepared after preparation of income statement fo PIA as
Required:- Prepare Bank Reconciliation Statement (15 Marks) Q No. 3: The following trial balance is prepared after preparation of income statement fo PIA as at 31 March 2019. Dr. Cr. $ $ Prenises Furniture Vehicles 30000 15000 4000 Inventory 3400 Bank 2300 Capital 43500 Loan from ABC Bank 10000 Trade receivables and trade payables 2000 2300 Net profit 8500 Drawings 7600 64300 64300 Required:- Prepare balance sheet for PIA as at 31 March 2019. (10 Marks Note: In the absence of information about the date of repayment of a liability, then it assumed that loan is a non-current liability and a trade payable is a current liability. Page | may
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