The following are the financial statements of Small Limited for the year ended 30 September 2023: Statements of Financial Position as at 30 September Non-current assets Property, plant and equipment Current assets Inventories Trade receivables Cash and bank balance Total assets Shareholders' equity Ordinary share capital Share premium Retained earnings Non-current liabilities Bank loan Current liabilities Trade payables Accruals Bank overdraft Current tax payable Total liabilities Total equity and liabilities 2023 ($) 800,000 550,000 170,000 408,000 1,128,000 154,000 230,000 234,000 1,418,000 1,316,000 50,000 74,000 10,000 2022 ($) 156,000 290,000 1,418,000 766,000 180,000 356,000 14,000 300,000 260,000 120,000 680,000 150,000 174,000 8,000 202,000 102,000 636,000 1,316,000
The following are the financial statements of Small Limited for the year ended 30 September 2023: Statements of Financial Position as at 30 September Non-current assets Property, plant and equipment Current assets Inventories Trade receivables Cash and bank balance Total assets Shareholders' equity Ordinary share capital Share premium Retained earnings Non-current liabilities Bank loan Current liabilities Trade payables Accruals Bank overdraft Current tax payable Total liabilities Total equity and liabilities 2023 ($) 800,000 550,000 170,000 408,000 1,128,000 154,000 230,000 234,000 1,418,000 1,316,000 50,000 74,000 10,000 2022 ($) 156,000 290,000 1,418,000 766,000 180,000 356,000 14,000 300,000 260,000 120,000 680,000 150,000 174,000 8,000 202,000 102,000 636,000 1,316,000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.9E
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub