CSEC Principles of Accounts · January 2016 · Paper 2 · Question 1(a)

J. Lampjack, a sole proprietor, provides financial information as of 31 December 2015 including equipment, bank overdraft, loan, fixtures and fittings, cash, inventory, land and building, accounts payable, term deposit (3 months), and accounts receivable.

Using the order of permanence, prepare a classified Statement of Financial Position (Balance Sheet) for J. Lampjack as at 31 December 2015.

This question uses a figure or table from the paper — you'll see it when you practise.