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B-Hala prepares her business accounts for the year ending 31 March each year. At 31 March 2020 the following general ledger balances were available: Credit
B-Hala prepares her business accounts for the year ending 31 March each year. At 31 March 2020 the following general ledger balances were available: Credit Debit 150,000 340,000 160,000 46,000 241,000 Trial balance Furniture Truck Inventory at 31 March 2019 Receivables Bank payables Short-term borrowings Bank loan Capital balance at 1 April 2018 Capital introduced Drawings Net profit 37,000 30,000 100,000 326,000 50,000 12,000 406,000 949,000 949.000 Required: Prepare a classified balance sheet for Hala as at 31 March 2020. (20 Marks)
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