The balance sheet of Seafield Ltd at 31 December 20X4 shows the following balances: The relevant price
Question:
The balance sheet of Seafield Ltd at 31 December 20X4 shows the following balances:
The relevant price indices for trade debtors and trade creditors are:
Required:
Using the above information, calculate the monetary working capital adjustment at 31 December 20X4 for Seafield Ltd.
Transcribed Image Text:
Trade debtors Trade creditors 31 December 20X4 £ 35,000 25,000 31 December 20X3 £ 30,000 23,000
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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