The following information was extracted from Mr. Njengas farm records on 31/12/2018. Use the information to answer the questions that follow.

      

The following information was extracted from Mr. Njengas farm records on 31/12/2018. Use the information to answer the questions that follow.

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(a) Prepare a balance sheet of Mr. Njengas farm.

(b) Was Mr. Njengas business solvent or insolvent?

  

Answers


Martin
(a) Mr. Njengas Farm Balance sheet as at 31st/12/2018

total.png

(b) The business was solvent because the Assets exceed the liabilities by ksh. 580,000=


marto answered the question on September 25, 2019 at 05:40


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