UK balance sheet questions

Oct 27, 2013
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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.



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