"FINANCIAL STATEMENT REPORT BALANCE SHEET Summary :The Financial position of the Business Man And Company shows particular transaction inparticular month’s shows in Balance sheet two Items are the highlight in balance sheet …1. Liabilites:-- ready to pay for outstanding expenses loans bank overdraft2. ASSETS:-it’s an economic Value of a thing Balance sheet concept I explain with real world examples detail explanation.. Read the entiredocument 100% you can answer the AssignmentASSIGMENT QUESTIONS:--1. Cash deposited into bank50000$( )Options: A:-fixed Asset B:-Current Asset C:-current Liabilitesd. Intangible Asset2. John receive money from peter 20000$ ()A.Sundry Creditor B. Sundry Debtor c.Current Asset D.CurrentLiabiities3.Office Rent Paid In Advance 10,000 $ ()A. Fixed AssetB. Current AssetC. Current Liabilities D. intangible Assets4. Dairy Milk Chocolate Company to Main Quality Standards to Get Good Will From Consumers ()A.Tangible Asset B.IntangibleAsset c.Current Asset D.CurrentLiabilites 5.First American India Company to Provide Mortogage Loan Services ()A.FixedAssetsB.Current Assets C.current liabilities d.Long Term Liabilites6.Hollywood film Industry Movie Rights Given to Bollywood IndustryA.GoodwillB.patent Rights C.CopyRightsd.TradeMarks7.Xhousebuilders to purchase Acc cement[10,000 cement packets ] and the End of the day7000 Acc Cement Packets Consumed …3000 Acc cement remain in stock …3000 remain Stock which regards we treat..A.openingstockB.Closing StockC..Good will D.Patent Rights8.x having a Bank Account he deposit 50,000 $ in Hdfc Bank emergency purpose to with drawl25000$ in balance sheet item which item we treat with drawl (drawings)A.ASSETS B.Liabilities"