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Give a summary of the financial position of h hilton entity

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On 28 February 20.2 the profit or loss account of H Hilton shows a profit of R23 192. The Accounts below with balances appear in the ledger on this day:

Capital -R88 000

Sundry creditors-5 080

Sundry debtors-3 748

Inventory-12 060

Bank (Dr)-5 316

Petty cash-200

Drawings-4 430

Loan from XY Bank-1 550

Furniture at cost-10 400

Land and buildings at cost-81 668

Required:

Question 1: Give a summary of the financial position of H Hilton's entity on 28 February 20.2 as indicated in the statement of financial position

Reference no: EM132506062

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