Which of these items belong on the statement of financial position (SOFP)? Debit Credit Buildibgs at cost 740 Buildings,accumulated depreciation 60 Plant at cost 220 Plant,accumulated depreciation 110 Bank balance 70 Revenue 1,800 Purchases 1,140 Inventory 160 Cash 20 Trade payables 250 Trade receivables 320 Administrative expenses 325 Allowance for receivables 10 Retained earnings 130 $1 ordinary shares 415 Share premium account 80
Which of these items belong on the
Debit Credit
Buildibgs at cost 740
Buildings,
Plant at cost 220
Plant,accumulated depreciation 110
Bank balance 70
Revenue 1,800
Purchases 1,140
Inventory 160
Cash 20
Trade payables 250
Trade receivables 320
Administrative expenses 325
Allowance for receivables 10
$1 ordinary shares 415
Share premium account 80
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