I'm currently in the first year of an accounting course - and stuck at the first stage.
I've got a company with £10,000,000 of initial capital.
Throughout the year, it loses a total £610216, and buys £10 worth of plant and machinery (included in this figure).
My balance sheet shows the cash current assets, along with the non-current assets of the plant/machinery.
But... it won't balance!! What am I doing wrong here!
I've attached the balance sheet - any help would be really really appreciated.