Question
The following Financial Statement belongs to SAM Co.: Assets Non-current Assets Motor vehicle Less: Shares in Time Ltd. Current Asset Closing inventory SAM Co.
The following Financial Statement belongs to SAM Co.: Assets Non-current Assets Motor vehicle Less: Shares in Time Ltd. Current Asset Closing inventory SAM Co. 1 as at 31 August 2021 180,000 (35.000) 145,000 120,000 68,000 Trade receivable 575,000 Less: 5 (71.000) 504,000 21,000 6 14,000 607.000 872.000 Accrued revenue TOTAL ASSETS Capital 7 Add: Net profit Less: Drawings Non-Current Liability Bank loan (due 2030) Current Liabilities 370,100 248,246 (121.000) 497,346 200,000 Trade payables 102,364 49.000 Other payables 23.290 174.654 TOTAL LIABILITIES & OWNER'S EQUITY 872,000
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
10th Edition
1305793196, 978-1305793194
