The following is a list of the assets and claims of Crafty Engineering Ltd at 30 June

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The following is a list of the assets and claims of Crafty Engineering Ltd at 30 June 19X0: image text in transcribed

Required:

a) Prepare the balance sheet of the business as at 30 June 19X0 from the above information using the vertical format.
(b] Discuss the significant features revealed by this financial statement.

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Accounting And Finance For Non Specialists

ISBN: 9780135717462

2nd Edition

Authors: Eddie McLaney, Peter Atrill

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Question Posted: May 21, 2024 05:00 AM

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The following is a list of the assets and claims of Crafty Engineering Ltd at 30 June

Question:

000 Creditors 86 Motor vehicles 38 Loan from Industrial Finance Co 260 Machinery and tools 207 Bank overdraft 116 Stock-in-trade 153 Freehold premises 320 Debtors 185

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Accounting And Finance For Non Specialists

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