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Preparing a balance sheet

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The information available for XYZ Inc. for the year ending March 31, 20XX is as follows:

Cash in hand = $ 2,000
Cash at bank = $ 5,000Equity capital = $ 100,000
Machinery = $15,000Land and buildings = $ 50,000
Creditors = $ 20,000Debtors = $ 48,000

Prepare a balance sheet for XYZ Inc. with the help of the above given data.

Reference no: EM133053506

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