The balance sheet of Seafield Ltd at 31 December 19X4 shows the following balances: 31 December 19X4
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The balance sheet of Seafield Ltd at 31 December 19X4 shows the following balances:
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31 December 19X4 31 December 19X3 Trade debtors 35,000 30,000 Trade creditors 25,000 23,000 The relevant price indices for trade debtors and trade creditors are: 31 December 19X3 120 31 December 19X4 180 Average for the year ending 31 December 19X4 150 Using the above information, calculate the monetary working capital adjustment at 31 December 19X4 for Seafield Ltd.
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