Callums balance sheet at 31 July shows the following: Fixed assets 18337 Stock 12 018 Debtors
Question:
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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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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