At the end year ended 31/12/2005 Bidii farm recorded the following:Perennial crops 250,000Bank loans 30,000Cash at hand 5,000Bank overdrafts 15,000Land 350,000Unpaid wages 3,000Debts receivable 20,000Stocks in store 25,000Livestock 200,000Bank balances 100,000(a) Prepare a balance sheet as at 31/12/2005(b) Did Bidii farm qualify for a loan and why?
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The following transactions were extracted from Mr. Tembo’s financial books for the year ending 31st Dec 2003.study and answer the questions that follow:i) Prepare a profit and loss account for Mr. Tembo’s farm for the year ending 31st Dec. 2003ii) Calculate the percentage profit or loss made by the farm
Date posted: April 15, 2019. Answers (1)