A statement of financial position is to be drawn up from the following information as at 30
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A statement of financial position is to be drawn up from the following information as at 30 September 2011:
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Issued share capital: ordinary shares 1 each Authorised share capital: ordinary shares of 1 each 6 per cent loan notes (repayable 30 September 2015) Buildings at cost Motor vehicles at cost Fixtures at cost Retained profits Non-current assets replacement reserve Inventory Accounts receivable General reserve Accounts payable Depreciation to date: Buildings Motor vehicles Fixtures Bank (balancing figure for you to ascertain) 200,000 500,000 40,000 330,000 74,000 9,200 32,000 30,000 21,400 10,300 50,000 13,700 40,000 41,000 5,100 ?
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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