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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.

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.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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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.
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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