Notts Ltd's cost of sales on its statement of profit or loss for the ended 31 December 2020 is £105,066. Its inventory at 31 Dec 2019 is £6,430 and at 31 Dec 2020 is £5,757. Its trade payables at 31 December 2019 is £9,204 and at 31 December 2020 is £8,580. 6. Calculate the purchases for the year ending 31 Dec 2020 (a) £104,393 (b) £110,823 £105,317 (c) (d) £98,636 A company had the following assets and liabilities as at 31 December 2020: Share capital Trade and other payables Bank overdraft 20,000 15,000 10,000 18,000 20,000 35,000 18,000 Trade and other receivables Inventory Plant and equipment Long-term bank loan Calculate the working capital for the company as at 31 December 2020 (a) (ь) (c) (d) £33,000 £30,000 £13,000 £23,000

Notts Ltd's cost of sales on its statement of profit or loss for the ended 31 December 2020 is £105,066. Its inventory at 31 Dec 2019 is £6,430 and at 31 Dec 2020 is £5,757. Its trade payables at 31 December 2019 is £9,204 and at 31 December 2020 is £8,580. 6. Calculate the purchases for the year ending 31 Dec 2020 (a) £104,393 (b) £110,823 £105,317 (c) (d) £98,636 A company had the following assets and liabilities as at 31 December 2020: Share capital Trade and other payables Bank overdraft 20,000 15,000 10,000 18,000 20,000 35,000 18,000 Trade and other receivables Inventory Plant and equipment Long-term bank loan Calculate the working capital for the company as at 31 December 2020 (a) (ь) (c) (d) £33,000 £30,000 £13,000 £23,000

Name: Notts Ltd's cost of sales on its statement of profit or loss for the
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Description: Notts Ltd's cost of sales on its statement of profit or loss for the ended 31December 2020 is £105,066. Its inventory at 31 Dec 2019 is £6,430 and at 31Dec 2020 is £5,757. Its trade payables at 31 December 2019 is £9,204 and at31 December 2020 is £8

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 8MC: At December 31, 2019, the following information was available from Crisford Companys books: Sales...

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