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 Disclosure of Financial Position IR 590 October 20 2018-2024

Ir 590 2018-2024 Form

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[Music] welcome to counters in this lesson we're going to be looking at company statement of financial position or the balance sheet in one of our previous videos we looked at how to do the balance sheet from the post adjustment trial balance we looked at the simple balance sheet so you'd like to check that one out you can click on the link on the top right of the screen or in the description below but in this video we're specifically going to look at the statement of financial position for a company so here we are given information and we are asked to do the statement of financial position as a 28th february 2010 so i've already drawn up the format of the statement of financial position and we just need to do what is required from the information here and plug in the amounts so let's look at number one we are told that the authorized shared capital comprises of 1 million ordinary shares at 2 000 per value each and by 28 february 2009 that is at the end of the previous financial year 6

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