Balancing figure SFP
Clarekaye
Registered Posts: 307
Excuse the really silly question I am trying to work out the cash at bank figure as a balancing figure, I have checked all the other figures and I am right but I cant get the figure correct how would you work it out?
0
Comments

Dear Clare
Your question doesn't give a lot to build on but here is my attempt.
I assume you know the total equity (shareholders' funds) value.
I assume there is no noncontrolling interest.
I assume you have a value for noncurrent liabilities
I assume you have a value for total current liabilities
I assume you have a value for noncurrent assets, for total inventory and for accounts receivable.
I may be wrong already, you may not have all these values.
But if you do:
Equity + NC liabilities + C liabilities  NC assets  inventory  accounts receivable = cashSandy
sandy@sandyhood.com
www.sandyhood.com0 
Ah sorry yep can you try this one and then I can see what figures you used Thanks very much
Net Current Assets 380
Less Acc Depn (110)
=270
Current Assets
Inventory 60
Recievables 50
Cash at bank??
Current Liabilities
Payables 60
Net current assets 335
Financed by
Ordinary shares 200
retained profit 135
= 3350 
Ah sorry yep can you try this one and then I can see what figures you used Thanks very much
Net Current Assets 380
Less Acc Depn (110)
=270
Current Assets
Inventory 60
Recievables 50
Cash at bank??
Current Liabilities
Payables 60
Net current assets 335
Financed by
Ordinary shares 200
retained profit 135
= 335
I get cash at bank to be 15, is that the answer in the book?
Where you've put net current assets 335 should this say net assets? I don't think it can be net current assets as then the statement won't balance as the bottom half is 335 as well (net current assets plus non current assets = equity and we know that equity is 335)0 
I get 15 too.0
Categories
 All Categories
 1.2K Books to buy and sell
 2.3K General discussion
 12.5K For AAT students
 318 NEW! Qualifications 2022
 156 General Qualifications 2022 discussion
 11 AAT Level 2 Certificate in Accounting
 56 AAT Level 3 Diploma in Accounting
 92 AAT Level 4 Diploma in Professional Accounting
 8.8K For accounting professionals
 23 coronavirus (Covid19)
 272 VAT
 92 Software
 274 Tax
 136 Bookkeeping
 7.2K General accounting discussion
 201 AAT member discussion
 3.8K For everyone
 38 AAT news and announcements
 345 Feedback for AAT
 2.8K Chat and offtopic discussion
 582 Job postings
 16 Who can benefit from AAT?
 36 Where can AAT take me?
 42 Getting started with AAT
 26 Finding an AAT training provider
 48 Distance learning and other ways to study AAT
 25 Apprenticeships
 66 AAT membership