EARIOUScurrent financial year end after all entries have been processed and the profit of theThe following are balances on a Lauren a sole trader's account, as at the end of theabiawluo opeme? 00103 Monq 28010 sieb gniwollot and navig254.83024,53 (d85.83 (3year calculatedas0.03 (pIntroduction to Financial AccountingQuestion 8.Non-current assetsReceivablesa) 40,000b) 40,000-) 50,00050,000Trade payablesBank loanProvision for depreciation plecInventoryAccrualsPrepaymentOverdrafta) 59,000b) £66,000 0.881c) £62,000(d) £64,000024, ITS£85,0007,0003,00015,00015,000 is feoo is elbirley holom a vrisano A4,0001,000What is the balance of Lauren's capital?000,28Isaoqaid nul-082,0002,000gonsis8bloanimuo AC4UK350 noluntbloidev 10toM002,021Income statementuo-nons es beitizeslo ag Sta£02e,ostOUA ITS10t sonsled Isi e'boneq pniwollot erlt ni bebuloni ed bluore eonsisd grineqo terWQuestion 9OSOS vlul tto teoo-elbirlev notom.eonsisäeros bldenoitibbAWhich of the following items will appear as current liabilities in a company's statement offinancial position?90 00153 (d90 024,8813 (60813 (bXn68 1qA-toa) Loan due for repayment within one year, taxation, share premiumb) Loan due for repayment within one year, taxation, interest due on loan notesC) Share premium, taxation and trade receivables8 noitesuod) Loan due for payment within one year, taxation and general reservesbris 002, T13 to aleaas inemus 000,083 to steaes Instvo-non esrl eesnieud nelAQuestion 10 qiso e'nslA esiilidsil met-prol on ens exedT 008,83 to esitilidsil tromuo001.123 (6)gorara (dDuring the year 2019, Chase Ltd paid a total of £60,000 for rent, covering the periodfrom 1 October 2019 to 31 March 2021. What figures should appear in thecompany's financial statement for the year ended 31 December 2020?(b)soitto£slesen 10 15,000 Prepayment10,000 Prepayment10,000 Accrual10,000 AccrualStatement of financial positionTnoitesu(8)(oIntroductionQuesticnThe foJuneestistionOtion Eal ThosedJon-pPlea

Introduction to Financial Accounting Question 8. current financial year end after all entries have been processed and the prof The following are balances on a Lauren a sole trader's account, as at the er 25A year calculated Non-current assets Receivables Bank loan Provision for depreciation led as al 0 15,0001s faoo is eloiriev oloma Inventory Accruals Prepayment Overdraft 59,000 £66,000 C62,000 54,000 000.28 at is the balance of Lauren's capital? Isaogaid nut-08 024,881 024 ITS £ 85,000 7,000 4,000 1,000 no 2,000 2,000 gonsled blo loidev otoM AC4UK350 002,0ar 020,ost evs E yriss 900 eros bld enoil *068 10A

Introduction to Financial Accounting Question 8. current financial year end after all entries have been processed and the prof The following are balances on a Lauren a sole trader's account, as at the er 25A year calculated Non-current assets Receivables Bank loan Provision for depreciation led as al 0 15,0001s faoo is eloiriev oloma Inventory Accruals Prepayment Overdraft 59,000 £66,000 C62,000 54,000 000.28 at is the balance of Lauren's capital? Isaogaid nut-08 024,881 024 ITS £ 85,000 7,000 4,000 1,000 no 2,000 2,000 gonsled blo loidev otoM AC4UK350 002,0ar 020,ost evs E yriss 900 eros bld enoil *068 10A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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