1E Silva has the following items in her balance sheet as on 7 April 2005: Capital £18,370;
Creditors £2,100; Fixtures £2,800; Car £6,650; Stock of goods £3,180; Debtors £2,780; Bank £4,150;
Cash in hand £910.
During the first week of April 2005
(a) She bought extra stock for goods £910 on credit.
(b) One of the debtors paid her £330 in cash.
(c) She bought a PC by cheque £560.
You are asked to draw up a balance sheet as on 7 April 2005 after the above transactions have
been completed.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here