5 A statement of financial position is to be drawn up from the following information as at 30 September 20x1: $000 Issued share capital: ordinary shares $1 each 200,000 Authorized share capital: ordinary shares of $1 each 500,000 6 per cent loan notes (repayable 30 September 20x5) 40,000 Buildings at cost 330,00 Motor vehicles at cost 74,000 Fixtures at cost 92,00 Retained profits 32,000 Non-current assets replacement reserve 30,000 Inventory 21,400 Trade receivables 10,300 General reserve 50,000 Trade payables 13,700 Depreciation to date: Buildings 40,000 Motor vehicles 41,000 Fixtures 5,100 Bank (balancing figure for you to ascertain) ? Requirement: Please calculate the balance of Bank Account.
5 A
|
|
$000 |
|
Issued share capital: ordinary shares $1 each |
200,000 |
|
Authorized share capital: ordinary shares of $1 each |
500,000 |
|
6 per cent loan notes (repayable 30 September 20x5) |
40,000 |
|
Buildings at cost |
330,00 |
|
Motor vehicles at cost |
74,000 |
|
Fixtures at cost |
92,00 |
|
Retained profits |
32,000 |
|
Non-current assets replacement reserve |
30,000 |
|
Inventory |
21,400 |
|
Trade receivables |
10,300 |
|
General reserve |
50,000 |
|
Trade payables |
13,700 |
|
|
40,000 |
|
Motor vehicles |
41,000 |
|
Fixtures |
5,100 |
|
Bank (balancing figure for you to ascertain) |
? |
Requirement: Please calculate the balance of Bank Account.
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