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Bento June 15

Mmansoor9y ago
Good morning sir even tho it is not asked for in the question, i wanted to prepare (for the sake of practice) SOFP after the sale by incorporating all the notes. and i get the following figures: Assets NCA - 53040 CA - 12300 Balancing figure - 2560 Total===67900 Equity/liabilities Equity ----- 10,000 8% loan -- 30,000 6% loan -- 20,000 payables -- 7900 Total=== 67900 if the above is correct, what do we call the balancing figure? thank u ps: Q1 in march exam was something like this with a whole bunch of notes etc.
John MoffatJohn MoffatTutor9y ago#1
Yes - it all seems correct :-) The balancing figure will be goodwill.
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