Creating a balance sheet requires categorizing and summarizing the provided financial information. Let's list and explain the given items, then prepare the balance sheet accordingly.
### Given Items:
1. Miscellaneous Expense: 10320
2. Carriage Inward: 200
3. Miscellaneous Expense: 1056
4. Refrigerator: 13500
5. Miscellaneous Expense: 400
### Categorization:
#### Assets:
- **Refrigerator**: 13500
#### Expenses (appear in the income statement, but not on the balance sheet):
A balance sheet consists of assets, liabilities, and equity. Based on the provided data, we don't have information about liabilities or equity, so we'll focus on the asset side and assume there are no liabilities for simplicity.
#### Balance Sheet as on [Date]:
**Assets:**
- Current Assets: None listed
- Non-Current Assets:
- Refrigerator: 13500
**Liabilities:**
- None provided
**Equity:**
- None provided
However, in a real-world scenario, to complete the balance sheet, you would need to include equity and liabilities information, but based on the provided details, we'll outline the assets side only.
### Simplified Balance Sheet:
| **Balance Sheet** | **Amount (₹)** |
|-------------------------|-----------------|
| **Assets** | |
| Non-Current Assets: | |
| - Refrigerator | 13,500 |
| **Total Assets** | 13,500 |
### Explanation:
1. **Refrigerator (₹13,500)**: This is a non-current asset because it is a long-term investment that will provide utility over several years.
### Income Statement (for understanding expenses):
While not requested, including an income statement can help clarify the expenses listed.
**Income Statement**:
| **Income Statement** | **Amount (₹)** |
|-------------------------|-----------------|
| **Expenses** | |
| Miscellaneous Expense | 11,776 |
| Carriage Inward | 200 |
| **Total Expenses** | 11,976 |
### Conclusion:
The provided data primarily lists expenses and one asset. The balance sheet focuses on the asset (Refrigerator), and the income statement includes the various expenses. For a full balance sheet, additional details on liabilities and equity would be required.
