Statement of financial position

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1. Accumulated depreciation graph titling

  • (Vertical) Machine cost; [less] Acc. Depreciation; Carrying value
  • (Horizontal) Machine cost; [less] Acc. Depreciation; Carrying value
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2. Trade payables

  • Non-current asset
  • Current liability
  • Non-current liability
  • Current asset

3. Total assets should equal

  • Nothing
  • Total [Capital] Equity and Liabilities
  • Just Liabilities

4. Trade recievables

  • Non-current asset
  • Current asset
  • Current liability
  • Non-current liability

5. Prepayments (1800-400+600)

  • Non-current asset
  • Current asset
  • Current liability
  • Non-current liability

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