|
|
This is the correct version of Pepe's Balance Sheet as at 31.12.9-
These figures to be used for calculating the profitability, solvency and performance ratios test paper.
| |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
| Premises |
|
100,000 |
|
| Equipment |
|
8,000 |
|
| Machinery |
|
------- |
|
| Motor Vehicle |
|
20,000 |
128,000 |
| |
|
|
|
| CURRENT ASSETS |
|
|
|
| Stock |
5,500 |
|
|
| Debtors |
7,600 |
|
|
| Bank |
---- |
|
|
| Petty Cash |
200 |
13,300 |
|
| |
|
|
|
| LESS CURRENT LIABILITIES |
|
|
|
| Creditors |
5,000 |
|
|
| Bank Overdraft |
2,000 |
(7,000) |
6,300 |
| |
|
|
|
| CAPITAL EMPLOYED |
|
|
134,300 |
| less mortgage |
|
|
70,000 |
| |
|
|
£ 64,300 |
| |
|
|
|
| FINANCED BY: |
|
|
|
| capital |
|
53,000 |
|
| net profit |
|
19,300 |
72,300 |
| less drawings |
|
|
(8,000) |
| |
|
|
£ 64,300 |
Go directly to Test Paper
Go to Trading and Profit and Loss Account
|
