Statement of financial position

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1. NBV

  • Net book value - 1st Column
  • Net book value - Last Column
  • Net book value - 2nd Column
  • Net book value - 3rd Column
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2. Bill unpaid totals £750 for three months, Include as:

  • 750/2 (Half the 3 monthly payment)
  • 750*1/3 (Find for only the month as at)
  • 750

3. Liquidation of outstanding trade recievables

  • Take away from figure
  • Add to bad debt
  • Add to Liabilites
  • Add to assets

4. Where does closing inventory go

  • Equity
  • Under Current assets
  • Not included
  • Non-current liability

5. Bank loan

  • Equity
  • Non-current asset
  • Non-current Liabilitiy
  • Current liability

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