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2. Accruals (720*1/3)

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

3. Profit for the year

  • Non-current asset
  • Current Asset
  • Equity
  • Current liabilities

4. Liquidation of outstanding trade recievables

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

5. Where would 'Vans at cost' go

  • Non-c assets > Motor vehicles > First 'Cost' column
  • Current assets > Vehicles > First 'Cost' column
  • Not included
  • Non-c Liabilities > Vehicles > First 'Cost' column
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