he following figures were extracted from the books of E Wallis as at 30 June 2019:What is the long term liabilties of the business? £Delivery Van14,000Inventory12,560Trade Payables21,050Office furniture8,642Trade Receivables43,800Bank balance11,7225 years business loan50,000Accumulated depreciation7,000Rent due1,200Provision for doubtful debts1,500Petty cash150

Name: he following figures were extracted from the books of E Wallis as at 3
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Description: he following figures were extracted from the books of E Wallis as at 30 June 2019:What is the long term liabilties of the business? £Delivery Van14,000Inventory12,560Trade Payables21,050Office furniture8,642Trade Receivables43,800Bank balance11,7225

Long-term liabilities can be defined as the company’s financial obligations which are due for more…

Answered: What is the long term liabilties of the…

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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he following figures were extracted from the books of E Wallis as at 30 June 2019:

What is the long term liabilties of the business?

	£
Delivery Van	14,000
Inventory	12,560
Trade Payables	21,050
Office furniture	8,642
Trade Receivables	43,800
Bank balance	11,722
5 years business loan	50,000
Accumulated depreciation	7,000
Rent due	1,200
Provision for doubtful debts	1,500
Petty cash	150

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