LFS00AC1 Questions On Foundation Studies: Accounting 1 - Assessment Test 1

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Question 1 (18 marks)

James Strong is the owner of Jim Jams Repairs. He has provided the following list of the firm’s assets and liabilities as at 30 June 2020.

Required:
Prepare a classified Balance Sheet as at 30 June 2020. You must ensure that you include all appropriate headings and totals.

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