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what is addition of Opening Balance and net profit
transfered from profit and loss account called
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Tell us what is the abbreviation for the accounting terms debit and credit?
Balance Sheet
2 Answers Chartered Accountant,
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
Audit 
