$31$ December $2015.$ You must Calculate his capital $20$ Marks

tems apital

apes

equation.

s derived: Arsets, Liabilities, an

ce sheet just as in the accounting equation

$

Fixtures

Debtors

Premises

Stock

Cash

$

$7000$

Motor Van

Creditor $,6400$

Loan

Bank

Capital

$?$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$q,$

$2\mathrm{.}3$ Classify the following items into assets and liabilities

Motor vehicle, cash, accounts receivable, Land, we owe for goods, cash at bank, machinery, premises, loan from J$.$ Kelly, stock, creditors, accounts payable, debtors, fixtures and fittings, office machinery, building, loan from J$.$ Clarke, Debentures, Dividends owed, supplies, Office Equipment, $5$ year bank loan

$13$ Marks

Fixed Assets Current Assets Long$-$term Liabilities Current Liabilities