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BUILDINGS
FIXTURES
CURRENT ASSETS
STOCK
DEBTORS (61,400 - 1,250)
LESS:
CASH AT BANK
CURRENT LIABILITIES
CREDITORS
OFFICE EXPENSES ACCRUED
WAGES ACRUED
NET CURRENT ASSETS
LESS:
NET ASSETS
FINANCED BY:
CAPITAL ACCOUNTS
CURRENT ACCOUNTS
BAL B/F
ADD:
LESS:
FRAME AND FRENCH
BALANCE SHEET AS AT 30TH JUNE 20X9
ACCUMULATED CARRYING
NON-CURRENT ASSETS COST DEPRECIATION VALUE
£ £ £ £
BUILDINGS 210,000.00 (50,000+5000) 55,000.00 155,000.00
8,200.00 (4,200+600) 4,800.00 3,400.00
218,200.00 59,800.00 158,400.00
CURRENT ASSETS
74,210.00
DEBTORS (61,400 - 1,250) 61,400.00
PROVISION FOR UNDOUBTFUL DEBTS 1,250.00 60,150.00
CASH AT BANK 6,130.00
140,490.00
CURRENT LIABILITIES
CREDITORS 26,590.00
OFFICE EXPENSES ACCRUED 215.00
WAGES ACRUED 720.00 27,525.00
NET CURRENT ASSETS 112,965.00
271,365.00
LOAN FROM P PRINCE 65,000.00
NET ASSETS 206,365.00
FINANCED BY:
FRAME FRENCH
CAPITAL ACCOUNTS 100,000.00 75,000.00 175,000.00
CURRENT ACCOUNTS
4,100.00 1,200.00
SALARY 30,000.00 -
INTEREST ON CAPITAL 5,000.00 3,750.00
SHARE OF PROFIT 29,289.00 19,526.00
68,389.00 24,476.00
DRAWINGS 31,800.00 28,200.00
INTEREST ON DRAWINGS 900.00 600.00
35,689.00 (4,324.00) 31,365.00
206,365.00