Homework Help is Here – Start Your Trial Now!
Business
Accounting
a) From the information below of account balances as at 30 September 2022, prepare a Balance Sheet as at that date: Land & Buildings Vehicle net book value F&F Net Book Value Bank Overdraft Debtors Capital £ 150,000 25,400 200,000 10,200 30,500 200.000

a) From the information below of account balances as at 30 September 2022, prepare a Balance Sheet as at that date: Land & Buildings Vehicle net book value F&F Net Book Value Bank Overdraft Debtors Capital £ 150,000 25,400 200,000 10,200 30,500 200.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Question 1 a) From the information below of account balances as at 30 September 2022, prepare a Balance Sheet as at that date: b) c) Land & Buildings Vehicle net book value F&F Net Book Value Bank Overdraft £ 150,000 25,400 200,000 10,200 30,500 Debtors Capital 3 year Bank Loan Retained profit year ended 30/9/22 The following additional information is also available: A stocktake on 30/9/22 valued stock at £10,000 The company owed £8,000 to suppliers The Retained Profit brought forward from previous years is £75,000 200,000 25,000 97,700 Many people and bodies make use of Financial Accounts, discuss why any 3 of these recipients of accounts might need this information Explain the Balance Sheet Equation to a non accountant
Transcribed Image Text:Question 1 a) From the information below of account balances as at 30 September 2022, prepare a Balance Sheet as at that date: b) c) Land & Buildings Vehicle net book value F&F Net Book Value Bank Overdraft £ 150,000 25,400 200,000 10,200 30,500 Debtors Capital 3 year Bank Loan Retained profit year ended 30/9/22 The following additional information is also available: A stocktake on 30/9/22 valued stock at £10,000 The company owed £8,000 to suppliers The Retained Profit brought forward from previous years is £75,000 200,000 25,000 97,700 Many people and bodies make use of Financial Accounts, discuss why any 3 of these recipients of accounts might need this information Explain the Balance Sheet Equation to a non accountant
Expert Solution
steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Estates and Trusts
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS