Balance Sheet for G Musandu. Image credit ojac.org

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
Premises92000
Motor vehicles13400
Fixtures and Fittings

1900

107300
Current Assets
Stock44780
Debtors42560
Bank

5106

92446
Less Current Liabilities
Creditors

(31600)

60846

168146

Capital68843
Add Net Profit

121303

190146
Less Drawings

(22000)

168146

To access more topics go to the Principles of Accounts Notes.

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