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15.6A) The following information relates to A. Trader's business: Assets and liabilities at 1 January 2019 31 December 2019 Fixtures Accounts receivable Inventory Accounts payable
15.6A) The following information relates to A. Trader's business: Assets and liabilities at 1 January 2019 31 December 2019 Fixtures Accounts receivable Inventory Accounts payable Cash Balance at bank Loan from B. Burton Motor vehicle 18,000 4,800 24,000 8,000 760 15,600 6,000 16,200 5,800 28,000 11,000 240 4,600 2,000 16,000 During the year, Trader had sold some of his personal investments for E4,000 which he paid into the business bank account, and he had drawn out 200 weekly for private use. Required: Prepare a balance sheet as at 31 December 2019 and give the net profit as at that date
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