The following is a list of assets and claims of a manufacturing business at a particular point
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The following is a list of assets and claims of a manufacturing business at a particular point in time:
Write out a balance sheet in the standard vertical form incorporating these figures.
Transcribed Image Text:
Bank overdraft 22,000 Freehold land and buildings 245,000 Stock of raw materials 18,000 Trade creditors 23,000 Plant and machinery 127,000 Loan from Industrial Finance Corporation 100,000 Stock of finished goods 28,000 Delivery vans 54,000 Trade debtors 34,000
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Related Book For
Accounting And Finance For Non Specialists
ISBN: 9780135717462
2nd Edition
Authors: Eddie McLaney, Peter Atrill
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