Janet Richards has the following financial details as at 31 December 2001. 2 Land and buildings
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Janet Richards has the following financial details as at 31 December 2001.
£ 2 Land and buildings 100,000 Creditors 15,000 Plant and machinery 60,000 Long-term loan 15,000 Stock 40,000 Opening capital 200,000 Debtors 30,000 Net profit 28,000 Cash 20,000 Drawings 8,000 Closing capital 220,000 L01 Required:
Janet Richards’ balance sheet as at 31 December 2001.
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