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AC100 > Formulating the SOFP > Flashcards

Formulating the SOFP Flashcards

1
Q

What is included in NCA

A 
Land
Equipment Cost
Acc. Depreciation
Factory at cost
Factory Acc. Depreciation
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2
Q

What is included in CA

A 
Inventory
Trade Receivables 
Provision for DD
Prepayments
Cash&Cash equivalents
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3
Q

What is included in NCL

A

Debentures (usually 8%)

Loans

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4
Q

What is included in CL

A

Trade Payables
Accrued expense
Tax payable

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5
Q

What is included in Equity

A

Ordinary shares of £ each
Share premium
Revaluation Reserve
Retained Earnings

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AC100 (10 decks)

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