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STATE OF AFFAIRS AS AT 31ST DECEMBER

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Originally appearing in Volume V04, Page 227 of the 1911 Encyclopedia Britannica.
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STATE OF AFFAIRS AS AT 31ST
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DECEMBER  1906 Liabilities .
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Assets .
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Trade Creditors . £4,961 10 0
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Fixtures, Furni- Bills Payable . 2,620 18 4 Lure, &c . £1,269 4 3
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Balance, being ex- Stock on
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hand . 5,751 3 to
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cess of assets Trade Debtors 3,842 7 9 over liabilities Bills Receivable . 7,468 14 3 (or "
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Capital ")
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Cash at
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Bank 4,169 5 5 at this date, 14,918 7 2 carried down . £22,500 15 6 £22,500 15 6 Amount of Capi- Balance brought tal on 1st
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Jan . down . . . £14,918 7 2 1906 .

. . £15,010 I 7 Balance, being

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net Amount
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drawn profit for the out of business
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year ended this during year date . . 1,408 5 7 ended this date . 1500 0 0 £16,418 7 2 £16,418 7 2
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Double-entry . a
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record of transactions .

End of Article: STATE OF AFFAIRS AS AT 31ST DECEMBER
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