Marshall Company

Statement of Financial Position on 31st March 2019

Amount Amount
Non Current Assest
Premises (cost) 60000
Less:Provision for Depriciation 12000
Less:Depreciation of Premises 1200 46800
Motor Vehicle (cost) 20000
Less:Provision for Depriciation 15000
Less:Depreciation of Motor Vehicle 1000 4000

Current Assests
Closing Inventory 12600
Cash 270
Debtors (18500-370) 18130
Prepaid Insurance 450
Total Assests
Less: Short Term Liabilities
Loan Interest Payables 2400
Electricity for lighting accrued 130
Bank Overdraft 1680
Creditors 9,750
less:Non-Current Liabilities
8% Bank Loan
Net Assets

Financed by
Capital 35000
Net Profit 14600
Less: Drawings 11310
March 2019
Amount

50800

31450

30000
38290

38290