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Please could somebody help me with the calculations required in order to prepare the balance sheet for the company in the following problem? Many thanks
Please could somebody help me with the calculations required in order to prepare the balance sheet for the company in the following problem? Many thanks in advance!
PPBM03T May/June 2019 QUESTION 2 (15 marks] The following information relates to Jamil Architects Ltd as at 30 September 2018 FINANCIAL STATEMENT INFORMATION FOR JAMIL ARCHITECTS LTD FINANCIAL STATEMENT ITEM Plant and Equipment Creditors Short-term debt Inventories Property Long-term debt Debtors Shareholders' equity (1 October 2017) Cash in Bank Motor Vehicles Fixtures and fittings Profit for the year to 30th September 2018 Drawings for the year to 30 September 2018 AMOUNT 25 000 18 000 26 000 45 000 72 000 51 000 48 000 117 500 1 500 15 000 9 000 18 000 15 000 REQUIRED 21 Using the information provided above, prepare the statement of financial position for Jamil Architects Ltd as at 30 September 2018 (Hint Please use the standard/horizontal format of the balance sheet to present your findings) Also use the space provided here below to conduct your preliminary calculations and present the balance sheet in the space provided PRELIMINARY CALCULATIONS: [TURN OVER]
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