FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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
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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
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