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Worksheet 2021 Question 1 The Statement of Financial Position for Amos ltd as at 31 May 2018 is provided below together with comparative figures for the previous year.
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Balance Sheet or Statement of Financial Position is one of the five Financial Statements that report three main important financial information of the entity at the end of the balance sheet date. Ad Download over 20000 K-8 worksheets covering math reading social studies and more. Ad Find what you want on topsearchco.
Premises 50000 Stock 24000 Trade Payables 18000 Bank Loan 20000 Fixtures and Fittings 12000 Cash in Bank 10000 Company Car 8000 Trade Receivables 25000 Overdraft. Ad Apply For The Highest Paid Financial Jobs In Your Area Now. Liabilities are what the business owes to outside parties eg.
Statement of Financial Position helps users of financial statements to assess the financial soundness of an entity in terms of liquidity risk. Statement of Financial Position Worksheet. It is comprised of three main components.
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