WEEK 2 ASSETS AND LIABILITIES PRACTICE TASK

Sandra has the following assets and liabilities at the 31 August 2020: premises at cost 40,000, machinery at cost 10,000, office equipment at cost 4,000, vehicle at cost 9,000, long term bank loan 18,000, inventory 4,000, accounts receivable 1,200, accounts payable 500, and bank balance 800. She does not know what her capital figure is.

REQUIRED:

Arrange Sandras items in the tables below:

Non-current Assets	Current Assets

Non-current Liabilities	Current Liabilities

Can you figure out Sandras Capital figure?

	Account
Assets
Total Assets
Liabilities
Total Liabilities

Capital =