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Peter Oddenyo
Jun 4, 2009, 04:58 AM
I work in an organisation where activities are run on a cash as opposed to an accrual basis. Therefore I have not had the need to prepare a balalnce sheet. Now that the organization has carried forward some debts I need to know how to prepare the balance sheet showing liabilities versus minimal assets which are office equipment and a few banners. How do I prepare it ?