The company had fixed assets of 141 ,000, current assets totalling 70,000 and its current liabilities for
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The company had fixed assets of £141 ,000, current assets totalling
£70,000 and its current liabilities for creditors and expenses were
£30,000.
The final accounts at the end of the company's first year would appear as in Figure 13.1. Check them through carefully together with the notes which I've given. LO.1
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