Callums balance sheet at 31 July shows the following: Fixed assets 18337 Stock 12 018 Debtors

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Callum’s balance sheet at 31 July shows the following:

£

Fixed assets 18337 Stock 12 018 Debtors 365 Cash 63 Bank overdraft 3 686 Creditors 2 999 110 | SECTION 2. FINANCIAL ACCOUNTING

a) What is the total of assets in the business?

b) | What is the total of current assets?

c) | What is the total for liabilities?

d) What is Callum’s capital?

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