5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the narrative classified format:
| Cash at bank | $ 75000 |
| Accounts receivable (net) | 37500 |
| Inventory | 30000 |
| Land | 37500 |
| Fixtures and fittings | 9 000 |
| Loan payable | 7 500 |
| Tax payable | 7 500 |
| Share capital | 30000 |
| Retained earnings | 144000 |
Balance sheet in T Account format:
Balance sheet in narrative format:
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.