Advanced Placement (AP)
Advanced Placement (AP), 13.12.2021 16:00, pineapplepizaaaaa

The following information is available about John’s General Store on 1 August 2011.                                                                                            $ Shop Premises                                                             240,000 Fittings and Fixtures                                                      30,000 Motor Vehicle                                                                24,000 Inventory (Stock of goods for resale)                            18,000 Debtors                                                                            4,000 Cash at Bank                                                                  10,000     Cash in Hand                                                                    2,000 Capital                                                                          280,000 Bank Loan                                                                      40,000 Creditors                                                                           8,000 Prepare a balance sheet as at  1 August 2011 for John’s General Store, setting out the details in order of permanence.

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