James runs a sports injury clinic His statement of financial position as at 31 December 20X8 contains the following assets and liabilities You are required to state the value of the (a) current assets (b) total assets (c) current liabilities (d) owner 's capital Inventory Accounts receivable 300 1,...

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James runs a sports injury clinic. His statement of financial position as at 31 December 20X8 contains

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James runs a sports injury clinic. His statement of financial position as at 31 December 20X8 contains the following assets and liabilities:

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You are required to state the value of the:

(a) current assets

(b) total assets

(c) current liabilities

(d) owner's capital

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Related Book For book-img-for-question

Financial Accounting

ISBN: 9781444170412

1st Edition

Authors: Bev Vickerstaff, Parminder Johal

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Question Posted: Jun 25, 2024 04:01 AM

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James runs a sports injury clinic. His statement of financial position as at 31 December 20X8 contains

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Inventory Accounts receivable 300 1,400 Accounts payable 700 Loan (repayable within 12 months) 10,000 Equipment 13,000 PAYE due to HMRC 500 Motor vehicle 8,000

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Financial Accounting

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