ABSTRACT
The balances appearing in the books of the Abacus Book Shop Limited at 1 January 2000 were as follows. You are asked to draw up a balance sheet as at that date: Use the Asset:Liability format used in this chapter
£ Cash 2 000 Trade creditors 1 000 Debtors 2 000 Called up share capital 3 000 Profit and loss account 4 000 Stock 4 000
The answer is shown on the next page (left).
