One a) As a junior accountant of the Deliborder Ltd., a manufacturer company, you are required prepare the Statement of Financial Position of the company." A draft of the Statement of Financial Position at 1 July 2020 id the following: Non-current assets Motor van < 32,000 12,000 4 t Property plant and equipment Total non current assets Current assets Inventories Trade receivables Cash Total Current Assets Total Assets Non current liabilities Loan Total non current liabilities Current liabilities Trade payables Total current assets Capital Total Liabilities Equity Total Equity and Liabilities e + 56,000 66,000 60,000 L 44,000 e 182,000+ 226,000 tttttttet e 40,000 40,000+ 2 26,000 e 26,000 66,000 160,000 226,000 Additional information on the economic transaction happened during the month: L Trade receivable has been paid in cash for a total of 28,000. < The company has bought inventories on credit for 24,000.+ The company has new equipment for 25,000 on credit. < Trade payable has been paid for 6,000 in cash. The company has received a loan for 50,000. < Required: Using the information above prepare a revised draft of the Statement of Financial Position for the company at 30 July 2020. 4 Total Assets Non current liabilities Loan Total non current liabilities Current liabilities Trade payables Total current assets Total Liabilities Capitale Equity Total Equity and Liabilities < 40,000 L t t t t t 2 26,000 182,000 226,000 40,000 L 26,000 66,000+ 160,000 226,000 Additional information on the economic transaction happened during the month: Trade receivable has been paid in cash for a total of 28,000. < The company has bought inventories on credit for 24,000. < The company has new equipment for 25,000 on credit. < Trade payable has been paid for 6,000 in cash. The company has received a loan for 50,000. < Required: < Using the information above prepare a revised draft of the Statement of Financial Position for the company at 30 July 2020. t b) Using examples, explain the difference between financial accounting and management accounting 30 marks 20 marks