Question: 2.6 Prepare balance sheets to determine the amount missing from each of the following columns of balances at 31 December 20X1: A B C D
2.6 Prepare balance sheets to determine the amount missing from each of the following columns of balances at 31 December 20X1:
A B C D E F
£ £ £ £ £ £
Capital at 1 Jan 20X1 2,500 2,000 3,000 4,000 3,800 ?
Profit for 20X1 1,000 3,200 ? 5,700 2,300 7,000 Drawings during 20X1 800 3,000 1,000 4,900 ? 4,500 Current liabilities 750 ? 600 1,300 1,700 2,100 Fixed assets 1,800 1,750 2,800 ? 3,700 8,500 Current assets ? 850 1,200 1,900 1,600 3,500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
