Im doing a course and have to complete the following balance sheet with info provided. However, the way it is set I have not come across and despite reading various books and visiting various websites im none the wiser, please help! Im ok up until the working capital, then im lost!
use info below to complete balance sheet, one figure is missing which you need to deduce from other figures given.
Crdeitors�8,600
Motor vehicles�3,800
Loan from Bank�26100
Machinery and tools�20700
Bank overdraft�11300
Stock�15300
Freehold premisis�32000
Debtors�18500
Balance sheet:
Longterm assets=
=
=
Total =
Short term assets =
=
Total =
Short term liabilities=
=
Total =
Working Capital=
Net Assets=
Less long term liabilities=
=
Net long term liabilities=