Costs Accumulated depreciation NBV

Non-current asset
Plant and Machinery $ 19,000.00 $ 1,900.00 $ 17,100.00
Furniture and Fittings $ 6,500.00 $ - $ 6,500.00
$ 25,500.00 $ 1,900.00 $ 23,600.00
Current assets
Cash in hand $ 250.00
Debtors $ 8,000.00
Inventory $ 6,500.00
Rent receivable $ 700.00
Prepaid rates $ 150.00 $ 15,600.00
Total assets $ 39,200.00

Non-current liability
Bank loan $ 5,000.00 $ 5,000.00
$ 5,000.00
Current liability
Creditors $ 4,200.00
Unpaid general expense $ 180.00
Bank overdraft $ 3,500.00
Carriage outwards $ 100.00 $ 7,980.00
Total liabilities $ 12,980.00

Capital $ 3,920.00
Profit for the year $ 22,300.00
Total Equity $ 26,220.00

Total Liabilities and equities $ 39,200.00

Difference A $ 39,200.00
L+E $ 39,200.00

$ -