Saturday, May 29, 2010

Resolved Question: How can I prepare a balance sheet with this information? Business / Accounting lovers? Please help?

Cash at Bank 0; creditors 5,000; vehicles 30,000; debtors 3,000; capital 60,000; inventory 10,000; overdraft 1,000; bank give 7,000; net acquire 2,000; mortgage 18,000; land and buildings 50,000 I have no intent what drawing go in what columns or how to amount it. There are 2 columns. The first lateral has Current Assets and Non underway assets. The ordinal has Current Liabilities, Non underway Liabilities and Owners equity. There is a amount at the lowermost of these 2 columns. Can anyone verify me what liquidity ratio is utilised & what the liquidity of the playing is? and... what is the businesses solvency situation? If anyone crapper help, I rattling revalue it! Thankyou to everyone who answers.Other Article:

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