Question

Small Southern Aviation (SSA) is an Aerospace Engineering company that carries out maintenance and overhaul of aircraft components. Prepare a balance sheet in vertical style for SSA using the information given in Table Q1(a).

Debit ($) Credit ($) 1,315,733 1,209,654 Property, Plant and Equipment Repairable aircraft parts Financial debt Insurance Cash at bank Cash in hand Receivables and other assets 35,877 28,765 3,568 8,790 215,776 5,291,266 64,642 Total amount on 31 December 2015 Table Q1(a)

Answer 1

Date SMALL SOOTHERN AVIatton esSA B/s anan 3Dec 205 Pege No Non Currant Asses PROPERTY P+ EauI PMENT 1,3 12, 733 1,3IS,733 Cunant Assels Repavraie ancafgaut TRADE RECIEURBLES OGAO ASSES T,207, G5Y 215,776 IR,538 cash + Bank Cluaent Leabilitos Fynancial debts 35,877 28,765 13 73,326 64,642 gnsmarce 2,669,059 CAPITAL euestcen otae a eredut Side hao bean 2,753 52/ ana not s,291, 266 0en Cuote- In ngy guen