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Munguti, who runs a retail store, had the following assets and liabilities as at 31st March 2016

Munguti, who runs a retail store, had the following assets and liabilities as at 31st March 2016.

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During the month of April 2015, the following transactions took place
2015
April 1st sold goods at cost Sh. 2000cash
April 2nd Paid creditors Sh. 8000 cash
April 10th received Sh. 2000 from his debtors in cash
April 15th Bought a motor van for Sh. 35,00 paying by cheque
April 25th purchased goods worth Sh. 15000 and paid by cheque

Required: Prepare a balance sheet as at 25th April 2015.

Answers


Martin
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marto answered the question on October 1, 2019 at 05:44

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