Question
Question 7 The following information relates Top Engineering Company as at 30 September 2019: $ Plant and machinery 25,000 Accounts payable 18,000 Bank overdraft 26,000
Question 7
The following information relates Top Engineering Company as at 30 September 2019:
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| Plant and machinery | 25,000 |
| Accounts payable | 18,000 |
| Bank overdraft | 26,000 |
| Inventory | 45,000 |
| Freehold premises | 72,000 |
| Long-term loans | 51,000 |
| Accounts receivable | 48,000 |
| Capital at 1 October 2016 | 117,500 |
| Cash in hand | 1,500 |
| Motor vehicles | 15,000 |
| Fixture and fittings | 9,000 |
| Profit for the year to 30 September 2017 | 18,000 |
| Drawings of the year to 30 September 2017 | 15,000 |
Required:
Prepare a statement of financial position for Top Engineering Company as at 30 September 2019
Top Engineering Company
Statement of financial position as at 30 September 2017
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Auditing And Assurance Services A Systematic Approach
Authors: William F. Messier
6th Edition
0073526908, 9780073526904
