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The following balances were extracted from the books of Highway stores on 31st Dec. 2015

      

The following balances were extracted from the books of Highway stores on 31st Dec. 2015


Items.................................................................... Shs.
Land and buildings ........................................................650,000
Stock...................................................................... 470,000
Bank overdraft.............................................................. 80,000
Debtors...................................................................... 350,000
Ten year loan................................................................ 500,000
Creditors ....................................................................220,000
Cash........................................................................ 50,000
Motor van .....................................................................150,000

Required :
i) Prepare a balance sheet for Highway Stores as at 31st Dec. 2015.

  

Answers


sharon
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sharon kalunda answered the question on September 5, 2019 at 08:19


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