ACC101 Tutorial Qs
Aug.intake 2021 Week 2
Exercise 2.1
Preparing a balance sheet
Financial items for George Karatsis IT Services on 31 May 2019 are presented below in
alphabetical order.
Required
(a) Prepare a balance sheet similar to the one in figure 2.2. (Note: a major item is
missing in the list.)
(b) Reformat the statement to present it in narrative form as in figure 2.3.
(LO4)
