(a) From the above information, prepare the statement of financial position of Budgie Limited indicating clearly the...

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(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.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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Question Posted: Jan 31, 2024 06:00 AM

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(a) From the above information, prepare the statement of financial position of Budgie Limited indicating clearly the...

Question:

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

Frank Woods Business Accounting

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