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Current Liabilities in Financial Statements by Andy Asante is a document available to read on EtoBox.
What is Current Liabilities in Financial Statements about?
The document is an accounting assignment that includes a trading and profit and loss account and balance sheet for Frame and French for the year ended 30 June 20X9. The trading and profit and loss account shows sales of £363,111 with a gross profit of £164,581. Net profit was £86,065. The balance sheet lists non-current assets of £158,400 and current assets of £140,490. Current liabilities were £27,525 giving net current assets of £112,965 and total net assets of £206,365.
- Author
- Andy Asante
- Language
- EN