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  • 1st Statement

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    The statement of financial position shows that as of January 05, 2023 the organization had total assets of ₱3,000 consisting of cash and cash equivalents of ₱1,500, grants and accounts receivable of ₱1,000, and a deposit with a vendor of ₱500. Total liabilities were ₱1,500 made up of accounts payable of ₱1,000 and grants payable of ₱500, resulting in total net assets of ₱2,750 with ₱500 without donor restrictions and ₱2,250 with donor restrictions.

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    1st statement

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    The statement of financial position shows that as of January 05, 2023 the organization had total assets of ₱3,000 consisting of cash and cash equivalents of ₱1,500, grants and accounts receivable of ₱1,000, and a deposit with a vendor of ₱500. Total liabilities were ₱1,500 made up of accounts payable of ₱1,000 and grants payable of ₱500, resulting in total net assets of ₱2,750 with ₱500 without donor restrictions and ₱2,250 with donor restrictions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views3 pages

    1st Statement

    Uploaded by

    Josh
    The statement of financial position shows that as of January 05, 2023 the organization had total assets of ₱3,000 consisting of cash and cash equivalents of ₱1,500, grants and accounts receivable of ₱1,000, and a deposit with a vendor of ₱500. Total liabilities were ₱1,500 made up of accounts payable of ₱1,000 and grants payable of ₱500, resulting in total net assets of ₱2,750 with ₱500 without donor restrictions and ₱2,250 with donor restrictions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    1.

    STATEMENT OF FINANCIAL POSITION


    Jan. 05 2023 Jan. 06 2022
    ASSETS
    Cash and cash equivalents ₱ 1,500 ₱ 1,400
    Grants and accounts receivable ₱ 1,000 ₱ 500
    Deposit with vendor ₱ 500 ₱ 500
    TOTAL ASSETS ₱ 3,000 ₱ 2,400

    LIABILITIES AND NET ASSETS

    Liabilities:
    Accounts payable ₱ 1,000 ₱ 900
    Grants payable ₱ 500 -
    Accrued liabilities - ₱ 100
    Loan payable - ₱ 100
    Total Liabilities ₱ 1,500 ₱ 1,100
    Net Assets:
    Without donor restriction ₱ 500 ₱ 500
    With donor restriction ₱ 2,250 ₱ 1,900
    Total net assets ₱ 2,750 ₱ 2,400

    TOTAL LIABILITIES AND NET ASSETS ₱ 4250 ₱ 3500

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