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The following is a list of assets and claims of an electronics manufacturing company at a particular point in time: Short-term borrowings: 17,000 Property: 250,000
- The following is a list of assets and claims of an electronics manufacturing company at a particular point in time:
- Short-term borrowings: €17,000
- Property: €250,000
- Inventories of raw materials: €20,000
- Trade payables: €27,000
- Plant and equipment: €120,000
- Loan from Electronics Finance Co. (long-term borrowing): €100,000
- Inventories of finished goods: €28,000
- Delivery vans: €55,000
- Trade receivables: €38,000
- Short-term borrowings: €17,000
- Property: €250,000
- Inventories of raw materials: €20,000
- Trade payables: €27,000
- Plant and equipment: €120,000
- Loan from Electronics Finance Co. (long-term borrowing): €100,000
- Inventories of finished goods: €28,000
- Delivery vans: €55,000
- Trade receivables: €38,000
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.)
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