The following information is taken from the notes of the statement of financial position (balance sheet) of

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The following information is taken from the notes of the statement of financial position (balance sheet) of a listed company. Write a short explanation that is suitable for a private shareholder who does not have specialist accountancy training.

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The loans and overdrafts are secured by a debenture over certain of the Group’s assets.

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Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

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Question Posted: Mar 06, 2024 07:01 AM

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The following information is taken from the notes of the statement of financial position (balance sheet) of

Question:

Bank loans Unsecured loan notes Overdrafts Year 2 000's 3,780 2,430 7.730 13,940 Year 1 000's 4,160 4,340 2,100 10,600

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Financial Accounting

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