You are given the following information about Company ABC as at 31/12/2023 Premises Shs 25,000,000 Motor vehicles
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Question:
You are given the following information about Company ABC as at 31/12/2023
Premises Shs 25,000,000
Motor vehicles Shs 2,000,000
Electricity bills (Owings) shs500, 000
Creditors' Shs 4,500,000
Cash in hand Shs 500,000
Bank overdraft Shs 3,000,000
Loan Equity Bank 4,000,000
Prepayments Shs 600, 000 Accrued Salaries Shs 2,589, 000
Required:
i)Compute Equity
ii)Draw up a statement of financial position
Related Book For
Corporate Finance Principles and Practice
ISBN: 978-1292103037
7th edition
Authors: Denzil Watson, Antony Head
Posted Date: