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Having a problem understanding how all these figures would fit into a balance sheet and how you achieve the final outcome..

Capital 10,700 (all units are in £)
Debtors 1,200
A Van 3,800
Creditors 1,600
Fixtures 1,800
Stock of goods 4,200
Cash in bank 300


such as where on earth do you put the capital?? is it a fixed asset a current asset or just capital?

Thanks in advance.

2007-07-11 21:28:18 · 1 answers · asked by Anonymous in Business & Finance Other - Business & Finance

1 answers

Non-current assets
Van 3,800
Fixtures 1,800
Sub-total 5,600

Current assets
Stock of goods 4,200
Debtors 1,200
Cash in bank 300
Sub-total 5,700

Total assets 11,300

Liabilities & equity
Current liabilities
Creditors 1,600

Share capital & equity
Capital 10,700
Accumulated losses (1,000)

Total liab & equity 11,300

I had to put in the accumulated losses of 1,000 to make your balance sheet balance. Your figures didn't balance in the 1st place. Either you had a typo in the figures or you left out the accd losses.

2007-07-12 00:52:37 · answer #1 · answered by Sandy 7 · 0 0

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