Question 1 Report
| Items |
Le |
| Debtor |
30,000 |
| Cash in hand |
6,750 |
| Plant and machinery |
72,000 |
| Motor van |
31,000 |
| Stock of raw materials |
12,000 |
| Loan |
50,000 |
| Trade creditors |
43,000 |
Calculate
(a) The liquid capital for the business
(b) The fixed assets
(c) Teesan Enterprise's capital or statement of affairs as at 31/10/2010.
(d) The working capital for Teesan Enterprises Ltd.