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The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and equipment 1,550,000

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The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and equipment 1,550,000 Current assets: Inventory Trade receivables Cash 350,000 175,000 52,000 Current liabilities: Bank overdrafts Trade payables Taxation due 8,000 213,000 50,000 Non-current liabilities: Bank loan 600,000 The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and equipment 1,550,000 Current assets: Inventory Trade receivables Cash 350,000 175,000 52,000 Current liabilities: Bank overdrafts Trade payables Taxation due 8,000 213,000 50,000 Non-current liabilities: Bank loan 600,000

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