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Prepare a balance sheet from the following list of balances.

Accounting

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See balance sheet above.\text{See balance sheet above.}

Here is the balance sheet prepared from the list of balances:

8. Prepare a balance sheet from the following list of balances.

Balance Sheet
As at [Date - not provided, so omitted]

AssetsLeLe
Non-current Assets
Premises1,000
Land6,000
Total Non-current Assets7,000
Current Assets
Debtors3,500
Cash1,000
Stock1,000
Total Current Assets5,500
TOTAL ASSETS12,500
Capital and Liabilities
Owner's Equity
Capital9,300
Add: Net Profit700
Less: Drawings(2,500)
Total Owner's Equity7,500
Non-current Liabilities
Loan1,000
Current Liabilities
Creditors500
Bank Overdraft3,500
Total Current Liabilities4,000
TOTAL CAPITAL AND LIABILITIES12,500

See balance sheet above.

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