Sokolov OAO has the following cash balances: Cash in Bank 15,742, Payroll Bank Account 5,000, and Plant

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Sokolov OAO has the following cash balances: Cash in Bank £15,742, Payroll Bank Account £5,000, and Plant Expansion Fund Cash £45,000 (to be used two years from now). Explain how each balance should be reported on the statement of financial position.
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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