UK balance sheet questions


Joined
Oct 27, 2013
Messages
1
Reaction score
0
Hi, l am a bit of a novice and l am stuck on two balance sheet values.

1. I want to fill in my Trade Creditors row on my spreadsheet. Is this all of the money that l owe during the year for manufacturing stock, or are there other considerations? If so, do l then reduce it as and when l pay some of it as shown in the cash flow page?

2. Stock on hand - is this row expressed as the cost value of the available stock less the VAT? Then do l reduce the amount as l sell some of the stock?

Basically, in both cases l am not really sure where l draw the values from and what they should be. Any help most appreciated.

Thanks
Tim
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Balance Sheet question 2
Balance Sheet question 2
Canada Balance sheet question 3
USA Balance Sheet Question 1
Question on balance sheet 0
basic balance sheet question 6
Balance sheet, simple questions 3
Basic balance sheet question 1

Top