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Prepare a balance sheet

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Question - Tom has a business that has been trading for some time. You are given the following information as at 31.12.2002

£

Buildings 11,000

Furniture & Fittings 5,500

Motor Vehicles 5,800

Stocks 8,500

Debtor 5,600

Cash a bank 1,500

Cash in hand 400

Creditors 2,500

Capital 30,800

Loan 5,000

Required - You are required to prepare a Balance Sheet as at 31 December 2001.

Reference no: EM131644608

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