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Chapter 2 - Balance Sheets Task D Solutions

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VCE Accounting - Michael Allison
VCE Accounting - Michael Allison

Chapter 2 - Balance Sheets Task D Solutions

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VCE ACCOUNTING  UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS  CHAPTER 2 – BALANCE SHEETS    Page | 1     Student50  Chapter 2 – Task D    Prepare a Classified Balance Sheet for the business as at 31 July 2015.    Balance Sheet as at 31 July 2015    $  $    $  $  Current Assets    Current Liabilities  Cash at bank  6315    Creditors  5330 GST refund  445    Debtors  6820  Non‐Current Liabilities  Stock  13650  27230 Loan  29000       Non‐Current Assets    Owner’s Equity  Shop fittings  8100  Capital    33000 Vehicles  32000  40100   TOTAL ASSETS    67330 TOTAL EQUITIES  67330       15 marks  Marks:   2 marks = Cash at bank and Capital   1 mark = all other figures   

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