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SBRCash flow, Warrburt (Q45) BPP revision kit, help!!!

Nnavish15y ago
Does anybody know why $ 20.83 has been deducted from current liabilities in reference to above question
Former userFormer user15y ago#1
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.
Llabidaxin15y ago#2
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
MikeLittleMikeLittleTutor15y ago#3
looks like that one is answered
Nnavish15y ago#4
thanks
MikeLittleMikeLittleTutor15y ago#5
welcome
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