ACCOUNTS-2

From the following information you are required to prepare a balance sheet of BIBANJA & Co. LTD as at 06.09.2013

Creditors----------------------------120,000/=

Debtors ------------------------------250,000/=

Bank Overdraft---------------------80,000/=

Cash in Hand----------------------130,000/=

Stock------------------------------------57,000/=

Bank loan----------------------------200,000/=

Furniture------------------------------93,000/=

Premises-----------------------------260,000/=

Capital-------------------------------390,000/=

Solution

Balance sheet of BIBANJA & Co. LTD as at 06.09.2013

LIABILITIES	Amount	Amount	ASSETS	Amount	Amount
Capital CURRENT LIABILITIES Creditors Bank Overdraft LONG TERM LIABILITIES Bank loan	120,000    80,000	390,000 200,000 200,000	FIXED  ASSETS Premises Furniture CURRENT  ASSETS Stock Debtors Cash in hand	57,000 250,000  130,000	260,000   93,000 437,000
		790,000			790,000

TRY THIS..................

From the following information you are required to prepare a balance sheet of MARUKU & Co. LTD as at 06.04.2015

Creditors----------------------------127,000/=

Debtors ------------------------------260,000/=

Bank Overdraft---------------------85,000/=

Cash in Hand----------------------140,000/=

Stock------------------------------------57,000/=

Bank loan----------------------------200,000/=

Furniture------------------------------93,000/=

Premises-----------------------------262,000/=

Capital-------------------------------400,000/=