FA for companies - Notes to balance sheet

Question 1

What are main notes?

Answer 1

Tangible fixed assets, stock, debtors, creditors, called up share capital, reserves, reconciliation of movements in shareholders funds & dividends

Question 2

What is stock note usually broken down into?

Answer 2

Raw material/consumables, WIP, finished goods and for resale

Question 3

Debtors note is usually broken down into

Answer 3

Trade debtors, other debtors, prepayments & accrued income

Question 4

Creditors amounts falling due within 1 year note usually includes?

Answer 4

Bank loan/od, trade cred, CT, other taxes/social sec, other creditors and accruals & deferred income/

Question 5

Creditors amounts falling due after more than 1 year note usually includes?

Answer 5

Debentures, bank loans, trade cred, preference shares & other creditors.