This document provides a list of liabilities and assets for a business, including amounts owed to sundry creditors, bills payable, bank overdrafts, and loans under liabilities. Key assets include cash on hand and in the bank, bills receivable, sundry debtors, closing stock, investments, furniture and fittings, loose tools, plant and machinery, horse and carts, land and buildings, lands, goodwill, patents, trademarks, outstanding income, and prepaid expenses. Depreciation should be subtracted from the total assets.
This document provides a list of liabilities and assets for a business, including amounts owed to sundry creditors, bills payable, bank overdrafts, and loans under liabilities. Key assets include cash on hand and in the bank, bills receivable, sundry debtors, closing stock, investments, furniture and fittings, loose tools, plant and machinery, horse and carts, land and buildings, lands, goodwill, patents, trademarks, outstanding income, and prepaid expenses. Depreciation should be subtracted from the total assets.
This document provides a list of liabilities and assets for a business, including amounts owed to sundry creditors, bills payable, bank overdrafts, and loans under liabilities. Key assets include cash on hand and in the bank, bills receivable, sundry debtors, closing stock, investments, furniture and fittings, loose tools, plant and machinery, horse and carts, land and buildings, lands, goodwill, patents, trademarks, outstanding income, and prepaid expenses. Depreciation should be subtracted from the total assets.
Bills payable Cash at bank Bank overdraft Bills receivable Loans Sundry debtors Reserve Fund Closing stock Outstanding expenses Investments Income received in advance Furniture &fittings Loose tools Plant &machinery Horse &carts Capital Land &buildings (+) Net profit Lands (-) Drawings Goodwill (-) Income tax Patents (+) interest on capital Trademarks (-) interest on drawings Outstanding income Prepaid expenses