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Students MUST ANSWER QUESTION 1 Section A: QUESTION 1 (Compulsory) The following trial balance of McEvoy...
SECTION B Answer question 2 and not more than one further question from this section 2...
SECTION B Answer question 2 and not more than one further question from this section 2 The following is the trial balance of Twist Ltd. at 31 December 2012 100,000 30,000 150,000 13,000 75,000 12,650 6,600 1.250 860 5.948 656 Authorised, issued and called-up capital 100.000 equity shares of El cach 60,000 7% redeemable preference shares of 50p each Freehold buildings: cost Freehold buildings: accumulated depreciation Plant and machinery cost Plant and machinery accumulated depreciation Development costs (cost £10,000) Interim...
Question 4 HK Ltd has prepared its draft trial balance to 30 June 20X1, which is...
Question 4 HK Ltd has prepared its draft trial balance to 30 June 20X1, which is shown below. Trial balance at 30 June 20X1 $000 $000 Freehold land 2,100 Freehold buildings (cost $4,680,000) 4,126 Plant and machinery (cost $3,096,000) 1,858 Fixtures and fittings (cost $864,000) 691 Goodwill 480 Trade receivables 7,263 Trade payables 2,591 Inventory 11,794 Bank balance 11,561 Development grant received 85 Profit on sale of freehold land 536 Sales 381,600 Cost of sales 318,979 Administration expenses 900 Distribution...
solve step by step for my learning and understanding Preparation of cash budget forecast profit and...
solve step by step for my learning and
understanding
Preparation of cash budget forecast profit and loss account and balance sheet for a limited company. Courante Ltd.'s balance sheet at 31 December 19-1 is as follows: Fixed Assets Cost Dep. Net 16000 20000 4000 15000 9000 6000 Freehold premises Plant and machinery 35000 13000 22000 Current Assets Stock Trade debtors Cash at bank Administration expenses prepaid 12000 17000 9500 2400 40900 9000 Less: Current Liabilities Trade creditors Selling and distribution...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
Assessment 1 - Part 2 Humbro Ltd Trial Balance as at 31st December 2016 £000 £000...
Assessment 1 - Part 2 Humbro Ltd Trial Balance as at 31st December 2016 £000 £000 5,500 550 7,500 5,250 1,100 8,000 3,000 1,700 10,000 17,750 4,700 Ordinary Shares of £1 each Ordinary Shares dividend paid Trade Receivables Trade Payables Administration Expenses 10% Debentures Inventory at 1st January 2016 Distribution Costs Purchases Revenue Retained Profit at 1 January 2016 I Land and Buildings at cost Plant and Machinery at cost Fixture and Fittings at cost Commission Received Bank Land and...
Using the trial balance prepared and Statement of Comprehensive Income prepared below, prepare the Statement of...
Using the trial balance prepared and Statement of Comprehensive Income prepared below, prepare the Statement of Financial Position as at 31 December 2019 for ABC Sdn Bhd.[20marks] TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE Accounts DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Land 500,000 500,000 Building 200,000 200,000 Motor vehicles 120,000 1000 119,000 Plant and machinery 70,000 70,000 Retained profit as at 01.01.2019 312,150 312,150 8% debenture 150,000 150,000 Ordinary share 200,000 200,000 Accumulated depreciation as at 31.12.2019: Building 60,000 60,000 Motor...
Credit 405 75 2300 200 3200 Adjusted Trial Balance December 31st, 2019 Debit Cash 126587 Accounts...
Credit 405 75 2300 200 3200 Adjusted Trial Balance December 31st, 2019 Debit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts Interest receivable Supplies 1800 Prepaid insurance 5500 inventory 5328 Notes receivable 15000 Buildings 62000 Gain Accumulated depreciation Accounts payable Deferred revenue 3480 Salaries payable Income tax payable Warranty liability Notes payable Common stock Dividends 1600 Service revenue Sales revenue Sales discounts Interest revenue Bad debt expense 405 Cost of goods sold 17280 Depreciation expense 500 Income tax expense...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000 450,000 186,000 6,105,800 3,160,400 280,100 135,000 Buildings - Cost Machinery - Cost Motor Vehicles - Cost Accumulated Depreciation as ar 31 December 2012: Buildings Machinery Motor Vehicles Revenue Purchases Inventory as at 1 January 2013 Purchases returns Sales returns Manufacturing wages Administration costs Administration wages Auditors fee Directors fees Motor Expenses Bad Debts Allowance for bad debts Finance cost Ordinary Share Capital El each...
Section B: Long Questions (Total 75 marks) BI. The following trial balance was extracted from the...
Section B: Long Questions (Total 75 marks) BI. The following trial balance was extracted from the books of Mac Limited as at 31 October 2019: Trial Balance as at 31 October 2019 Dr. Cr. 1.476.948 4,349,474 66.554 18.600 25.000 884,500 53,000 13,000 636,000 18,000 30,000 332,400 553,800 Purchases Sales Returns inwards Returns outwards Insurance Wages and salaries Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade payables Discount received Cash at bank Allowance for...
The bookkeeper of Mark Manufacturing provides you with the following trial balance and information. Trial balance...
The bookkeeper of Mark Manufacturing provides you with the following trial balance and information. Trial balance as at 31 December 2016 RM RM Purchases of raw materials 320,000 Fuel and light 31,000 Administration salaries 22,000 Factory wages 40,000 Carriage outwards for finished goods 3,000 Rent and business rates 24,000 Sales 450,000 Returns inward 5,000 General office expenses 8,000 Repairs to plant and machinery 5,000 Inventory at 1 January 2016: Raw materials Work-in-progress Finished goods 25,000 13,000 25,000 Sundry accounts payable...
SECTION B Answer question 2 and not more than one further question from this section 2 The following is the trial balance of Twist Ltd. at 31 December 2012 100,000 30,000 150,000 13,000 75,000 12,650 6,600 1.250 860 5.948 656 Authorised, issued and called-up capital 100.000 equity shares of El cach 60,000 7% redeemable preference shares of 50p each Freehold buildings: cost Freehold buildings: accumulated depreciation Plant and machinery cost Plant and machinery accumulated depreciation Development costs (cost £10,000) Interim...
solve step by step for my learning and
understanding
Preparation of cash budget forecast profit and loss account and balance sheet for a limited company. Courante Ltd.'s balance sheet at 31 December 19-1 is as follows: Fixed Assets Cost Dep. Net 16000 20000 4000 15000 9000 6000 Freehold premises Plant and machinery 35000 13000 22000 Current Assets Stock Trade debtors Cash at bank Administration expenses prepaid 12000 17000 9500 2400 40900 9000 Less: Current Liabilities Trade creditors Selling and distribution...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
Assessment 1 - Part 2 Humbro Ltd Trial Balance as at 31st December 2016 £000 £000 5,500 550 7,500 5,250 1,100 8,000 3,000 1,700 10,000 17,750 4,700 Ordinary Shares of £1 each Ordinary Shares dividend paid Trade Receivables Trade Payables Administration Expenses 10% Debentures Inventory at 1st January 2016 Distribution Costs Purchases Revenue Retained Profit at 1 January 2016 I Land and Buildings at cost Plant and Machinery at cost Fixture and Fittings at cost Commission Received Bank Land and...
Credit 405 75 2300 200 3200 Adjusted Trial Balance December 31st, 2019 Debit Cash 126587 Accounts receivable 13500 Allowance for uncollectible accounts Interest receivable Supplies 1800 Prepaid insurance 5500 inventory 5328 Notes receivable 15000 Buildings 62000 Gain Accumulated depreciation Accounts payable Deferred revenue 3480 Salaries payable Income tax payable Warranty liability Notes payable Common stock Dividends 1600 Service revenue Sales revenue Sales discounts Interest revenue Bad debt expense 405 Cost of goods sold 17280 Depreciation expense 500 Income tax expense...
Question 19.2 Warwick Ltd Trial Balance as at 31 December 2013 Dr 2,800,000 1,500,000 620,000 224,000 450,000 186,000 6,105,800 3,160,400 280,100 135,000 Buildings - Cost Machinery - Cost Motor Vehicles - Cost Accumulated Depreciation as ar 31 December 2012: Buildings Machinery Motor Vehicles Revenue Purchases Inventory as at 1 January 2013 Purchases returns Sales returns Manufacturing wages Administration costs Administration wages Auditors fee Directors fees Motor Expenses Bad Debts Allowance for bad debts Finance cost Ordinary Share Capital El each...
Section B: Long Questions (Total 75 marks) BI. The following trial balance was extracted from the books of Mac Limited as at 31 October 2019: Trial Balance as at 31 October 2019 Dr. Cr. 1.476.948 4,349,474 66.554 18.600 25.000 884,500 53,000 13,000 636,000 18,000 30,000 332,400 553,800 Purchases Sales Returns inwards Returns outwards Insurance Wages and salaries Electricity Telephone charges Rent and rates Carriage Debenture interest paid Advertising expenses Trade receivables Trade payables Discount received Cash at bank Allowance for...
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