The following information is given for Arbres Ltd at 30 April 20*8: Authorised share capital 500,000 ordinary
Question:
The following information is given for Arbres Ltd at 30 April 20*8:
Authorised share capital 500,000 ordinary shares of 50 pence each; issued share capital 300,000 ordinary shares 50 pence paid; machinery at cost £80,000; vehicle at cost £40,000; inventories £25,000; trade receivables £15,000; bank £1,000; trade payables £11,000.
Required
Prepare a balance sheet at 30 April 20*8.
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To prepare a balance sheet for Arbres Ltd at 30 April 208 we need to list the companys assets liabil...View the full answer
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