Nerina's statement of financial position at 1 January 20X6 shows the following: On 2 January she receives £5000 in respect of a trade receivable.
On 3 January she pays £2000 for a new non-current asset.
Assuming there are no other transactions; if Nerina draws up a new statement of financial position at the close of business on 3 January, which one of the following statements is correct?

Question

Nerina's statement of financial position at 1 January 20X6 shows the following:  On 2 January she receives £5000 in respect of a trade receivable.
On 3 January she pays £2000 for a new non-current asset.
Assuming there are no other transactions; if Nerina draws up a new statement of financial position at the close of business on 3 January, which one of the following statements is correct?

Quizplus · Accepted Answer

The Answer of Nerina's statement of financial position at 1 January 20X6 shows the following:  On 2 January she receives £5000 in respect of a trade receivable.
On 3 January she pays £2000 for a new non-current asset.
Assuming there are no other transactions; if Nerina draws up a new statement of financial position at the close of business on 3 January, which one of the following statements is correct?

Nerina's Statement of Financial Position at 1 January 20X6 Shows