Question
Kindly give solution of the following question? Example 1 Use the following Trial balance to prepare the Balance Sheet (Statement of financial position). Accounts Dr.
Kindly give solution of the following question?
Example 1
Use the following Trial balance to prepare the Balance Sheet (Statement of financial position).
Accounts | Dr. $m | Cr. $m |
Cash and cash equivalents | 629 | |
Trade and other payables | 4,835 | |
Trade and other receivables | 5,018 | |
Inventories | 801 | |
Employee benefits | 868 | |
Derivative financial assets | 75 | |
Current tax receivables | 6 | |
Other provisions | 171 | |
Other provisions | 118 | |
Prepayments | 548 | |
Borrowings-long | 15,316 | |
Trade and other receivables 2 years | 1,012 | |
Borrowings | 1,635 | |
Derivative financial liabilities-long | 388 | |
Inventories, more than 1 year | 19 | |
Investments accounted for using the equity method | 1,237 | |
Deferred tax liabilities-long | 1,624 | |
Derivative financial liabilities | 1 | |
Investments other | 49,595 | |
Defined benefit liability-long | 7 | |
Property, plant and equipment | 22,108 | |
Current tax payables | 132 | |
Revenue received in advance-long | 1,312 | |
Intangible assets | 9,180 | |
Derivative financial assets | 1,897 | |
Revenue received in advance | 1,227 | |
Deferred tax assets | 54 | |
Defined benefit asset | 250 | |
Other payables-long | 65 | |
Employee benefits-non-current | 157 | |
Ordinary share capital | 36,054 | |
Treasury shares and RSP treasury shares | 493 | |
Retained profits | 29,012 | |
Total | 92,922 | 92,922 |
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