The following is a list of assets and claims of a pharmaceutical company at a particular point
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Question:
- The following is a list of assets and claims of a pharmaceutical company at a particular point in time:
- Short-term borrowings: £17,000
- Property: £255,000
- Inventories of raw materials: £19,500
- Trade payables: £23,000
- Plant and equipment: £135,000
- Loan from Pharma Finance Co. (long-term borrowing): £99,000
- Inventories of finished goods: £29,000
- Delivery vans: £54,000
- Trade receivables: £39,000
Required:
Write out a financial statement in the standard format incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)
Related Book For
Accounting and Finance An Introduction
ISBN: 978-1292088297
8th edition
Authors: Peter Atrill, Eddie McLaney
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