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Questions as marks) You are provided with the following statement of financial position of Kulle...

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Accounting

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Questions as marks) You are provided with the following statement of financial position of Kulle Statement of financial position on 31 December ASSETS Land and building 165 Vehicles 85 Furniture 45 Shure capital ( 2 000 000 horised NPV shares 125 5 26 Bankoverdt Inventory Teade and other receivables Shurholders for dividende 15 31 Total 475 Equity and abilities Rated Trade and other pwysler Long term for Accumulated depreciation Income taxe 305 110 79 21 30 Total equity and liabilities SIS Required: 1. Critically evaluate the presentation of the above statement according to the requirements of Internal Accounting Standards (IAS) (19 marks) 2. Explain the meaning of each of these terms and give an example in each case a Conting ability mark) Here (3 marks) The End

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