Question
5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the
5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the narrative classified format:
| Cash at bank | $ 75000 |
| Accounts receivable (net) | 37500 |
| Inventory | 30000 |
| Land | 37500 |
| Fixtures and fittings | 9 000 |
| Loan payable | 7 500 |
| Tax payable | 7 500 |
| Share capital | 30000 |
| Retained earnings | 144000 |
Balance sheet in T Account format:
Balance sheet in narrative format:
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
