(a) From the above information, prepare the statement of financial position of Budgie Limited indicating clearly the...
Question:
(a) From the above information, prepare the statement of financial position of Budgie Limited indicating clearly the shareholders’ funds and working capital.
(b) Comment on the capital position disclosed by the statement of financial position you have prepared.
Transcribed Image Text:
Non-current assets, at cost Inventory Bank overdraft Ordinary share capital Accounts payable Retained profits Accumulated depreciation Accounts receivable 000 160 40 30 100 45 22 50 47
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To prepare the statement of financial position also known as the balance sheet for Budgie Limited we will first organize the presented information int...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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