12.10A Downside Green Limited has the following balances relating to its position at 31 December 20X5;
Question:
12.10A Downside Green Limited has the following balances relating to its position at 31 December 20X5;
£
Overdraft 7 746 Share capital 100 000 Loan repayable 31 December 20X9 100 000 Debtors 916278 Cash in hand 260 Intangible fixed assets at net book value 80 000 Trade creditors 868462 Reserves 1 850824 Tangible fixed assets at net book value 1 082 184 Stocks 841 740 Fixed asset investments 24860 Other creditors (all current liabilities)
18 290 The directors wish to see how the balance sheet will be presented when it is sent to shareholders. Downside Green's financial controller intends to use the following balance sheet format:
Fixed Assets Intangible assets Tangible assets Investments Current asssets Stocks Debtors Cash at bank and in hand Creditors: Amounts falling due within one year Bank loans and overdrafts Trade creditors Other creditors Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year Capital and reserves Share capital Reserves You are required to prepare the balance sheet for Downside Green Limited for the year ending 31 December 20X5 in the format requested by the directors.
Step by Step Answer:
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe