The following balances were extracted from the books of Highway stores on 31^st Dec. 2015

The following balances were extracted from the books of Highway stores on 31^st Dec. 2015


Items.................................................................... Shs.
Land and buildings ........................................................650,000
Stock...................................................................... 470,000
Bank overdraft.............................................................. 80,000
Debtors...................................................................... 350,000
Ten year loan................................................................ 500,000
Creditors ....................................................................220,000
Cash........................................................................ 50,000
Motor van .....................................................................150,000

Required :
i) Prepare a balance sheet for Highway Stores as at 31^st Dec. 2015.

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sharon kalunda answered the question on September 5, 2019 at 08:19

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