The following are extracts from the balance sheets as at 31 March 19X4 and 31 March 19XS5 of Glebe Ltd Required 31 March 19X4 31 March 19X5 Current assets Stocks 20,000 25,000 Trade debtors 10,000 17,000 Cash 5,000 3,000 35,000 45,000 Less Current liabilities Trade creditors 12,000 16,000 Proposed ...

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The following are extracts from the balance sheets as at 31 March 19X4 and 31 March 19XS5

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Business Accounting

ISBN: 9780273619826

7th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 29, 2024 01:03 AM

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The following are extracts from the balance sheets as at 31 March 19X4 and 31 March 19XS5

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31 March 19X4 31 March 19X5 Current assets Stocks 20,000 25,000 Trade debtors 10,000 17,000 Cash 5,000 3,000 35,000 45,000 Less Current liabilities Trade creditors 12,000 16,000 Proposed dividends 6,000 5,000 Bank overdraft 7,000 29,000 25,000 50,000 10,000 (5,000)

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