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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Strictly follow the format thank you

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

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
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