If the relevant price indices for trade accounts receivable and trade accounts payable are as follows, calculate the monetary working capital adjustment for Aberdeen Ltd, using the details given in Question 32.9A.

Data From Question 32.9A

The statement of financial position of Aberdeen Ltd at 31 December shows the following balances:

The relevant price indices for trade accounts receivable and trade accounts payable are:

Required:
Using the above information, calculate the monetary working capital adjustment at 31 December 2017 for Aberdeen Ltd.

Transcribed Image Text:

Trade accounts receivable Trade accounts payable 31 December 2017 £ 60,000 40,000 31 December 2016 £ 50,000 38,000