The inventory of Kembo farm as at 31st Dec, 2013 was as follows: Cash at hand 7,000 Layers ...

      

The inventory of Kembo farm as at 31st Dec, 2013 was as follows:
Cash at hand 7,000
Layers 25,000
Dairy cattle 130,000
Cassava in store 5,000
Calves 19,000
Buildings 80,000
Land 180,000
Machinery 85,000

On the same day, the following information was obtained from the farmers’ records.
Bank loan 210,000
Egg sale on credit 10,000
Vegetable sales on credit 5,000
Farm input purchased on credit 20,000
Wages payable 6,200
Interest payable 2500
Taxes payable 800
Milk sales on credit 15,000

Prepare a balance sheet

  

Answers


Kavungya
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Kavungya answered the question on October 9, 2019 at 12:57


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