Balance sheet 1st practical Question 
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1st Question
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2nd Question

**ABC Corporation has the following balances as of March 31, 2023:** - **Prepare a classified balance sheet

Cash:**                                                    ₹1,50,000 - 
Accounts Receivable: **                       ₹2,00,000 - 
Inventory: **                                            ₹3,50,000 - 
Prepaid Expenses:**                                 ₹50,000 - 
Plant and Equipment:**                      ₹10,00,000 - 
Accumulated Depreciation:**              ₹2,00,000 - 
Accounts Payable:**                             ₹1,80,000 - 
Short-term Notes Payable:**               ₹1,20,000 - 
Long-term Debt:**                                 ₹4,00,000 - 
Common Stock:**                                 ₹5,00,000 - 
Retained Earnings:**                          ₹3,50,000 1. 


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