E Silva has the following items in her balance sheet as on 7 April 2005: Capital 18,370;
Question:
E Silva has the following items in her balance sheet as on 7 April 2005: Capital £18,370;
Creditors £2,100; Fixtures £2,800; Car £6,650; Stock of goods £3,180; Debtors £2,780; Bank £4,150;
Cash in hand £910.
During the first week of April 2005
(a) She bought extra stock for goods £910 on credit.
(b) One of the debtors paid her £330 in cash.
(c) She bought a PC by cheque £560.
You are asked to draw up a balance sheet as on 7 April 2005 after the above transactions have been completed.
Step by Step Answer:
Related Book For
Business Accounting Uk Gaap Volume 1
ISBN: 9780273718765
1st Edition
Authors: Frank Wood, Alan Sangster
Question Posted: