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ASSETS Non-current assets Hotel at cost 2,200,000 Less: depreciation (27,500) 2,172,500 Fixtures, fittings and equipment at cost 150,000 Less: depreciation (7,500) 142,500 Current
ASSETS £ £ Non-current assets Hotel at cost 2,200,000 Less: depreciation (27,500) 2,172,500 Fixtures, fittings and equipment at cost 150,000 Less: depreciation (7,500) 142,500 Current assets Bank balance 15,200 2,330,200 CAPITAL AND LIABILITIES Capital introduced (£1,500,000 700,000 40,000) 2,240,000 Loss for the six months 78,200 2,318,200 Current liabilities Accrued expenses (8,500 3,500) 12,000 2,330,200
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Financial Accounting
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
14th edition
1305088433, 978-1305088436
