J. White, a sole trader, has produced the following statements of financial position for the years ended

Question:

J. White, a sole trader, has produced the following statements of financial position for the years ended 31 March 20X2 and 31 March 20X3.

J. White is unable to understand why, after he has made a profit for the year ended 31 March 20X3 of Â£5,800, his bank balance has fallen by Â£6,500.
Required
Prepare a report explaining how this has occurred.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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Question Posted: Dec 20, 2016 10:33 AM

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J. White, a sole trader, has produced the following statements of financial position for the years ended

Question:

J. White Statements of financial position as at 31 March Non-current assets Freehold premises Depreciation to date Depreciation to date 1,200 1,000 (750) 140C400 EQUITY AND LIABILITIES 11000 4500 6,500 (3,200 5,200 Current liabilitie Total liobilities Total equity and liabilities

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Dear Mr White Report on reduction in bank balance 20X2X3 The following statement of cash flows i...View the full answer

Introduction To Financial Accounting

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