Published by admin on September 15, 2020 The following was the balance sheet of L&M as on 31 December 2010:LiabilitiesAssetsBills Payable100000Cash and Bank60000Sundry Creditors275000Bills Receivable60000Capital Accounts:Sundry Debtors300000L 700000Stock-in-Trade330000M 300.0001000000Furniture40000Plant & Machinery235000Land & Building35000013750001375000On […]