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Mr Chin has the following items in his balance sheet as at 31st January 2020. Capital 20900 Creditors 1600 Fixtures 3500 Motor vehicle 4200 Stock
Mr Chin has the following items in his balance sheet as at 31st January 2020. Capital 20900 Creditors 1600 Fixtures 3500 Motor vehicle 4200 Stock of goods 4950 Debtors 3280 Cash at bank 6450 Cash in hand 120 During the first week of the month Mr chin, 1)bought extra stock of goods 7700 on credit 2) one of the debtors paid 2800 in cash 3) bought extra fixtures by cheque 1000 Draw up the balance sheet as at 31st January, 2020
Mr Chin has the following items in his balance sheet as at 31st January 2020.
Capital 20900
Creditors 1600
Fixtures 3500
Motor vehicle 4200
Stock of goods 4950
Debtors 3280
Cash at bank 6450
Cash in hand 120
During the first week of the month Mr chin,
1)bought extra stock of goods 7700 on credit
2) one of the debtors paid 2800 in cash
3) bought extra fixtures by cheque 1000
Draw up the balance sheet as at 31st January, 2020
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
