The following assets and liabilities belong to Munyasia stores as at 31st Marc h 2005. Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000,...

      

The following assets and liabilities belong to Munyasia stores as at 31st Marc h 2005.
Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000, call at bank sh 120,000, cash in hand sh 40,000 loan from HFCK sh 100,000 and capital sh 260,000.
During the month of April 2005 the following transactions took place
April 1 – sold goods worth sh 2100 cash
2 – Paid creditors sh 8000 cash
10 – Received sh 2000 from debtors cash.
15 – Bought a motor van sh 350,000 paying by cheque.
Prepare a balance sheet as at 15th April 2005

  

Answers


Kavungya
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Kavungya answered the question on September 25, 2019 at 08:07


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