The following is Prophile plc's Balance Sheet at 31 October 2002. The company's accountant has prepared a
Question:
The following is Prophile plc's Balance Sheet at 31 October 2002.
The company's accountant has prepared a budgeted Profit and Loss Account and a budgeted cash flow statement for the year ending 31 October 2003.
The plant and machinery had cost $110 000.
Required
Prepare Prophile plc's budgeted Balance Sheet as at 31 October 2003 in as much detail as possible. Show all workings.
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Assets Tangible Fixed Assets Freehold premises 760 Net Book Value from previous year Plant and machi...View the full answer
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