Der exercise 3 answer
1
Ms. Sheppard’s Bathroom Renovation Store Balance Sheet as at 31 Dec 2012 $ $ OWNER’ EQUITY Capital Add: Net Profit Less Drawings Represented by: ASSETS Current Assets Cash Inventory Debtor Non-current Assets Office Apartment Warehouse Building Total Assets LIABILITIES Non-current liabilities Bank Loan Total Liabilities NET ASSETS $166,200 $8,000 $1,900 $150,000 $30,000 $176,100 $180,000 $50,000 $300,000 $11,100 ($5,000) $306,100 $356,100 $50,000 $306,100
-
Upload
carra-chin -
Category
Documents
-
view
61 -
download
0
Transcript of Der exercise 3 answer
Ms. Sheppard’s Bathroom Renovation StoreBalance Sheet as at 31 Dec 2012
$$
OWNER’ EQUITYCapitalAdd: Net ProfitLess Drawings
Represented by:
ASSETSCurrent AssetsCashInventoryDebtor
Non-current AssetsOffice ApartmentWarehouse Building
Total Assets
LIABILITIESNon-current liabilitiesBank Loan
Total Liabilities
NET ASSETS
$166,200$8,000$1,900
$150,000$30,000
$176,100
$180,000
$50,000
$300,000 $11,100 ($5,000)$306,100
$356,100
$50,000
$306,100
