After the statement of profit or loss and statement of changes in equity have been prepared for
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After the statement of profit or loss and statement of changes in equity have been prepared for the year ending 30 April 2017, the following balances remain in the books of Tree plc. Prepare a statement of financial position in accordance with the relevant accounting standards.
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Ordinary share capital Share premium Revaluation reserve General reserve Foreign exchange reserve Retained profits Patents, trade marks and licences Goodwill Land and buildings Provision for depreciation: Land and buildings Plant and machinery Provision for depreciation: Plant and machinery Inventory of raw materials: 30 April 2017 Work in progress: 30 April 2017 Finished goods: 30 April 2017 Accounts receivable: Trade Accounts receivable: Other Prepayments and accrued income Loan notes (redeemable in 6 months' time) Loan notes (redeemable in 4½ years' time) Bank overdraft (repayable in 3 months) Trade accounts payable (payable in next 12 months) Trade accounts payable (payable after 12 months) Bills of exchange (payable within 12 months) Corporation tax (payable in 9 months' time) National insurance (payable in next month) Pensions contribution owing Deferred taxation £000s 6 42 280 90 24 10 26 84 4 2 568 £000s 100 60 24 30 8 36 80 48 50 40 4 26 2 6 38 2 8 6 568
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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