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Kcse Questions on Balance Sheet Form

Kcse Questions on Balance Sheet Form

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Instructions and help about balance sheet past k c s e question

uh hello Learners welcome back to our lesson today today we are going to look at an accounting question that reads the following balances or extracted from the books of wanji Traders for the year ended 30th June 2005. so you have datas creditors and stock they are required to prepare a balance sheet of wedgie Traders I said 30 June 2005. now Learners the first thing you need to do before tackling this kind of a question is you try to go through the question and they classify the items that you're given for instance uh for their debtors the debtors that's assets actually recurrent assets uh creditors is a current liability of a short-term liability Machinery is a fixed asset uh cushion head is a current asset Bank is a current asset 5 year alone is a long-term liability and stock is a current asset Now by so doing preparing a balance sheet would be very easy for you so you start off first thing is the heading however in the heading we should derived the name of the business that is wanj

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