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The following information was extracted from Mr. Njeru’s farm record on 31/12/2013. Use the information below to answer the questions. ...

      

The following information was extracted from Mr. Njeru’s farm record on 31/12/2013. Use the information below to answer the questions.
Shs.
5 year bank Loan 400,000
1 year loan with AFC 200,000
Creditors 45,000
Unpaid wages 25,000
Land 600,000
Building 420,000
Dairy Cattle 150,000
Dairy Meals 15,000
Cash in hand 34,000
(a)Prepare a balance sheet of Mr Njeru’s farm.
(b)Was Mr. Njerus business solvent or insolvent.

  

Answers


Kavungya
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Kavungya answered the question on October 3, 2019 at 12:08


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