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PS_Stm of Financial Position

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1 KP Power Pte Ltd
2 Statement of financial position
3 As at 31 December 2008
4
5 S$
6 Non-current Assets
7 Computers for use 7,500.00
8 Furniture 20,500.00
9 Van 21,800.00
10 Less: Accumulated depreciation (9,340.00)
11 Total Non-current Assets
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13 Current Assets
14 Inventory 151,100.00
15 Accounts receivable 354,320.00
16 Cash and bank balance 141,008.00
17 Total Current Assets
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19 Total Assets
20
21
22 Current Liabilities
23 Accounts payable 55,690.00
24 Interest payable 5,000.00
25 Unearned revenue 8,800.00
26 Provision for warranty expense 14,100.00
27 Provision for fine 2,500.00
28 Total Liabilities
29
30 Owners' Equity
31 Capital 250,000.00
32 Retained earnings as at 1 January 2007 157,328.00
33 Net profit/(loss) for the year ended 31 December 2007 193,470.00
34 Total Owners' Equity
35
36 Total Liabilities and Owners' Equity

B215 AC10 Need to Pay_Problem Workings_25May2009

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