Mr Dean Simuchimba

Topics: Generally Accepted Accounting Principles, Inventory, Balance sheet Pages: 2 (348 words) Published: April 11, 2013
Extracts from the recent financial statements of Bold Co are given below. $000
Turnover 21,300
Cost of sales 16,400
–––––––
Gross profit 4,900
–––––––
$000 $000
Non-current assets 3,000 Current assets
Inventory 4,500
Trade receivables 3,500 –––––– 8,000

––––––– Total assets 11,000 –––––––

Current liabilities
Trade payables 3,000 Overdraft 3,000 –––––– 6,000 Equity

Ordinary shares 1,000
Reserves 1,000 –––––– 2,000 Non-current liabilities

Bonds 3,000...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Mr Dean Research Paper
  • Mr Essay
  • Essay on Mr Paul
  • mrs khathaza Essay
  • Mr Leolo Essay
  • Mrs Essay
  • Mr Essay
  • Mr Essay

Become a StudyMode Member

Sign Up - It's Free