Question
The following information was extracted from the books of MAX Traders for the year ended 31 December ,2014 MAX Traders Trial Balance Dr Cr Sh.
The following information was extracted from the books of MAX Traders for the year ended 31
December ,2014
MAX Traders
Trial Balance
Dr Cr
Sh. Sh.
Land and buildings 50,000
Capital 94,000
Plant & machinery 20,000
Motor Vehicles 30,000
10 year Bank Loan 20,000
6 year ICDC Loan 10,000
Stock 10,000
Debtors 6,000
Creditors 7,000
Rent owing 1,000
Cash at Bank 10,000
Cash in hand 2,000
Drawings 4,000
132,000 132,000
Required prepare (i) a balance sheet for the year ended 31st December 2014
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
