The following balances were extracted from the books of Murungari General stores. Required : Prepare a balance sheet as at 30^th April 2014.

      

The following balances were extracted from the books of Murungari General stores.

shs.
Premises ..............................................350,000
Creditors .............................................150,000
5yrs bank loan........................................ 100,000
Motor vehicle .........................................200,000
Bank overdraft ........................................250,000
Stock .................................................170,000
Debtors ................................................120,000
Cash ..................................................60,000
Prepaid rent ..........................................22,000
Capital ..................................................?

Required :
Prepare a balance sheet as at 30^th April 2014.

  

Answers

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sharon kalunda answered the question on September 5, 2019 at 13:21

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