A statement of financial position is to be drawn up from the following information as at 30
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A statement of financial position is to be drawn up from the following information as at 30 September 2015:
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Issued share capital: ordinary shares 1 each Authorised share capital: ordinary shares of 1 each 400,000 6 per cent loan notes (repayable 30 September 2019) 900,000 100,000 Buildings at cost 620,000 Motor vehicles at cost 142,000 Fixtures at cost 18,100 Retained profits 58,000 Non-current assets replacement reserve 56,000 Inventory 44,000 Accounts receivable 21,300 General reserve 97,400 Accounts payable 28,600 Depreciation to date: Buildings 80,000 Motor vehicles 84,000 Fixtures 11,900 Bank (balancing figure for you to ascertain) ?
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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