Study carefully the following balance sheet and state the transactions that resulted in each change. LondonCarRental Ltd
Question:
Study carefully the following balance sheet and state the transactions that resulted in each change.
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LondonCarRental Ltd Balance sheet as at as at 03.03.20x9 as at 04.03.20x9 05.03.20x9 as at 06.03.20x9 as at 07.03.20x9 as at 08.03.20x9 Current assets Bank 700 200 4,000 2,000 1,500 Debtors 1,050 1,050 1,050 1,050 1,050 1,050 Stock 5,900 7,650 5,900 7,150 5,900 6,950 5,900 10,950 5,900 8,950 5,900 8,450 Fixed assets Land and buildings 45,000 Office equipment 45,000 45,000 3,500 48,500 3,500 48,500 4,000 49,000 45,000 45,000 45,000 4,000 49,000 8,000 53,000 8,000 53,000 Current liabilities Bank 300 Creditors 1,500 1,500 1,000 1,000 1,000 1,300 1,000 1,000 3,000 3,000 3,000 3,000 Non-current liabilities Mortgage on land and buildings 40,000 40,000 40,000 40,000 40,000 40,000 14,650 14,650 14,650 18,950 18,950 18,450 Owner's equity Capital 14,650 14,650 14,650 18,950 18,950 18,950 less: Drawings 500 14,650 14,650 14,650 18,950 18,950 18,450
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Related Book For
Financial Accounting A Practical Introduction
ISBN: 9780273714293
1st Edition
Authors: Ilias Basioudis
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