Does anybody know why $ 20.83 has been deducted from current liabilities in reference to above question
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SBRCash flow, Warrburt (Q45) BPP revision kit, help!!!
I would think being a fixed asset purchase (see w2), this was taken out of Trade Creditors but rather recorded in Fixed asset calculations £56m (cash) and £20m (credit). Transilation loss of £0.83 excluded.
it is the year end balance of current liabilities after adjusting exchange loss of 0.83
dr profit or loss 0.83
cr current liabilities 0.83
therefore,the balance becomes 20.83
dr profit or loss 0.83
cr current liabilities 0.83
therefore,the balance becomes 20.83
looks like that one is answered
thanks
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