Question
gorkha football club Ltd, had the following account balances as at 30 June2020 as shown. Cash at bank 75 000 Accounts receivable (net) 37 500
gorkha football club Ltd, had the following account balances as at 30 June2020 as shown.
Cash at bank 75 000
Accounts receivable (net) 37 500
Inventory 30 000
Land 37 500
Fixtures and Fittings 9 000
Loan Payable 7 500
Tax payable 7 500
Share capital 30 000
Retained Earnings 144 000
Required : Prepare a balance sheet as at 30 June 2020 for gorkha football club Ltd using a T-format.
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
