Prepare a balance sheet from the following information and comment on the position of the business as
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Prepare a balance sheet from the following information and comment on the position of the business as shown by that balance sheet.
Stock of goods held for resale Freehold land and building Mortgage on land and building
£
6500 34000 29000 Cash in tills Fixtures and fittings Office furniture Bank overdraft Delivery van Owners' equity £
500 7600 2300 20700 3200 ?
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