Homework Help is Here – Start Your Trial Now!
Business
Accounting
Long term borrowings Property, plant & equipment Trade and other payables Current portion of long-term borrowings Intangible assets Cash and cash equivalents Short-term borrowings Current tax payable Share capital Retained earnings Inventories Revaluation reserve Trade receivables Goodwill 50,000 120,000 25,000 15,000 50,000 10,000 8,000 2,000 100,000 40,000 10,000 10,000 30,000 30,000

Long term borrowings Property, plant & equipment Trade and other payables Current portion of long-term borrowings Intangible assets Cash and cash equivalents Short-term borrowings Current tax payable Share capital Retained earnings Inventories Revaluation reserve Trade receivables Goodwill 50,000 120,000 25,000 15,000 50,000 10,000 8,000 2,000 100,000 40,000 10,000 10,000 30,000 30,000

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
Strictly follow the format thank you
Transaction: 2. Long term borrowings Property, plant & equipment Trade and other payables Current portion of long-term borrowings Intangible assets Cash and cash equivalents Short-term borrowings Current tax payable Share capital Retained earnings Inventories Revaluation reserve Trade receivables Goodwill 50,000 120,000 25,000 15,000 50,000 10,000 8,000 2,000 100,000 40,000 10,000 10,000 30,000 30,000
Transcribed Image Text:Transaction: 2. Long term borrowings Property, plant & equipment Trade and other payables Current portion of long-term borrowings Intangible assets Cash and cash equivalents Short-term borrowings Current tax payable Share capital Retained earnings Inventories Revaluation reserve Trade receivables Goodwill 50,000 120,000 25,000 15,000 50,000 10,000 8,000 2,000 100,000 40,000 10,000 10,000 30,000 30,000
ASSETS Current assets Statement of Financial Position at 31st December 2016 Total Currents Assets Non-current Assets Total Non-currents Assets Total Assets EQUITY AND LIABILITIES LIABILITIES Current liabilities Total Current Liabilities Non-current liabilities. - FORMAT Total Non-current Liabilities Total Liabilities EQUITY Total Equity Total Liabilities and Equity
Transcribed Image Text:ASSETS Current assets Statement of Financial Position at 31st December 2016 Total Currents Assets Non-current Assets Total Non-currents Assets Total Assets EQUITY AND LIABILITIES LIABILITIES Current liabilities Total Current Liabilities Non-current liabilities. - FORMAT Total Non-current Liabilities Total Liabilities EQUITY Total Equity Total Liabilities and Equity
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
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