(a)ABC Ltd is foreign subsidiary of cadbury's that is based in Kenya and as at 30 th...

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(a)ABC Ltd is foreign subsidiary of cadbury's that is based in Kenya and as at 30^th June 2016 the firm showed the following balance sheet when the exchange rate was Kshs

$Million

Non-current assets

Accounts receivable

Inventory

Cash and bank

Bank overdraft

Accounts payable

Long term loan

Ordinary share capital

6,000

2,000

6,300

4,500

18,800

600

3,000

5,400

9,800

18,800

Required:

Translate the balance sheet of ABC Ltd using

i.Current/non-current method(5 Marks)

ii.Current rate method(5 Marks)

Posted Date: May 18, 2024 04:00 AM

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(a)ABC Ltd is foreign subsidiary of cadbury's that is based in Kenya and as at 30 th...

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