Question
Question 5 Stakeholders of LMG SAOG have been referring the company financial reports for variety of reasons. (a) Select FIVE of stakeholders from your own
Question 5
Stakeholders of LMG SAOG have been referring the company financial reports for variety of reasons.
(a) Select FIVE of stakeholders from your own choice and explain the reasons for them to use LMG SAOGs financial information.
The following information is available for LMG SAOG as at 31st December 2019.
| Debtors | 11000
| Debentures | 15400 |
| Creditors | 12900
| Retain Earnings | (1201) |
| Bank Overdraft (OD) | 1270
| Buildings | 45000 |
| Land | 25000
| Cash in hand | 12800 |
| Inventories | 11300 | Share capital | ? |
(b) Prepare LMG SAOGs balance sheet as at 31st December 2019 and find the value of share capital. Note: Balance sheet must be in good format and with appropriate headings.
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The Audit Is A Powerful Management Tool
Authors: Fateh Bouchene
1st Edition
6204366548, 978-6204366548
