Particulars Particulars 6,000 Sundry creditors Bills receivable 25,000 Bills payable 4,000 Stock 45,000 Machinery 60,000 Debtors 70,000 Furniture 10,000 Cash 4,000 Prepare a statement of affairs as on 31“ December 2018 and calculate capital as at that date.
Particulars Particulars 6,000 Sundry creditors Bills receivable 25,000 Bills payable 4,000 Stock 45,000 Machinery 60,000 Debtors 70,000 Furniture 10,000 Cash 4,000 Prepare a statement of affairs as on 31“ December 2018 and calculate capital as at that date.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Particulars
Particulars
6,000 Sundry creditors
Bills receivable
25,000
Bills payable
4,000 Stock
45,000
Machinery
60,000 Debtors
70,000
Furniture
10,000 Cash
4,000
Prepare a statement of affairs as on 31* December 2018 and calculate capital as at that date.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1edbd4b-6343-4576-9653-81ce45c74103%2F760970bb-f87d-471b-b905-bd40b1cb2dc7%2Fytmv17t_processed.png&w=3840&q=75)
Transcribed Image Text:Particulars
Particulars
6,000 Sundry creditors
Bills receivable
25,000
Bills payable
4,000 Stock
45,000
Machinery
60,000 Debtors
70,000
Furniture
10,000 Cash
4,000
Prepare a statement of affairs as on 31* December 2018 and calculate capital as at that date.
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