Balance Sheet for G Musandu. Image credit ojac.org
ZIMSEC O Level Principles of Accounts Notes: Sole Trader: Trading and profit and loss accounts and balance sheets: Other items
This is the Balance Sheet Solution for the Trial Balance Question found here.
G Musandu
Trial Balance as at 3o September 20×9
| $ | $ | |
|---|---|---|
| Fixed Assets | ||
| Premises | 92000 | |
| Motor vehicles | 13400 | |
| Fixtures and Fittings | 1900 |
|
| 107300 | ||
| Current Assets | ||
| Stock | 44780 | |
| Debtors | 42560 | |
| Bank | 5106 | |
| 92446 | ||
| Less Current Liabilities | ||
| Creditors | (31600) | |
60846 |
||
168146 |
||
| Capital | 68843 | |
| Add Net Profit | 121303 |
|
| 190146 | ||
| Less Drawings | (22000) |
|
168146 |
To access more topics go to the Principles of Accounts Notes.
