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if current liabity items shown in asset side of balance
sheet then whats position of that company
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Answer Posted / khalid salat
The Company having monopoly in its product/Services and its
vendors have to be paid in advance.
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
Cost Accounting
