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Question Mr. Lukwesa has been running a retail business for some years. Below is the Statement of Financial Position, prepared by his book keeper pri by a professional accountant that Mr. Lukwesa hired or to additional information being supplied Lukwesa Trademas Statement of Financial Position be Non Current Assets Freehold premises Motor vehicles 9 600 0 400 20 000 Current Assets Inventory Receivables Bank: Current a/c 13 000 9 400 800 3 200 172 26 572 Fixed deposit a/c Cash in hand Current Liabilities Payables Accruals 11 000 728 11728 Working capital 34 844 Financed by: Capital Net profit 31 920 39 320 Drawings Suspense a/c (4 600) Question Mr. Lukwesa has been running a retail business for some years. Below is the Statement of Financial Position, prepared by his book keeper pri by a professional accountant that Mr. Lukwesa hired or to additional information being supplied Lukwesa Trademas Statement of Financial Position be Non Current Assets Freehold premises Motor vehicles 9 600 0 400 20 000 Current Assets Inventory Receivables Bank: Current a/c 13 000 9 400 800 3 200 172 26 572 Fixed deposit a/c Cash in hand Current Liabilities Payables Accruals 11 000 728 11728 Working capital 34 844 Financed by: Capital Net profit 31 920 39 320 Drawings Suspense a/c (4 600)

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