(a) Statement of profit or loss and other comprehensive income (b) statement of financial position
Prepare, the following financial statements for ABC Limited
Statement of profit or loss and other comprehensive income for the year ended 31 october
Statement of financial position as aat 31 October 2022
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(a) Statement of profit or loss and other comprehensive income (b) statement of financial position
a, a statement of profit or loss and other comprehensive income for the year ended 31...
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - 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 pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
Formot Thabong Traders Stalement of Profit Income for the year or loss and other comprehensive ended...
Formot Thabong Traders Stalement of Profit Income for the year or loss and other comprehensive ended 31 october 140 ooo (93 000) 47 ooo 1 Sales Cost of sales Gross Potit other expenses water and elechoty stotonery wages Rent expense. ? (15ooo) (45 oo) Poft for the year . QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the...
income statement statement of changes in equity statement of financial position These accounts and balances are...
income statement
statement of changes in equity
statement of financial position
These accounts and balances are taken from the financial statements of Sarasota Corporation for the year ended December 31, 2022 Retained earnings, January 1 Utilities expense Equipment Accounts payable Income tax payable Cash Salaries payable Common shares, January 1 Dividends declared Service revenue Prepaid insurance Repair and maintenance expense Depreciation expense Accounts receivable Insurance expense Salaries expense Income tax expense Accumulated depreciation-equipment $25,000 1,300 81,000 19,200 4.700 12,400 3,000...
N headings of the statement of profit or loss and other comprehensive income The main sectio incl...
n headings of the statement of profit or loss and other comprehensive income The main sectio include revenue, cost of goods sold, other income, operating expenses and Required: Classify the following descriptions under the appropriate headings in the statement of proft or loss and other comprehensive income. 2 other expenses. Presentation of Financial Statements 01 a) Office salary expenses (b) Sales of services provided d Insurance expenses (d) Sales of inventories (0) Income from interest on savings accounts (i) Income...
Below are extracts from the statement of profit & loss and statement of financial position of...
Below are extracts from the statement of profit & loss and statement of financial position of a company. Operating profit BWP 70,000 Income from investments 2,000 Finance costs (9,000) Profit before tax 63,000 Tax Charge (22,000) Profit after tax 41,000 Other comprehensive income Revaluation gain 30,000 Total comprehensive income 71,000 Closing Balance (BWP) Opening Balance (BWP) Current assets Inventory 27,000 23,000 Receivables 18,000 25,000 Current liabilities TAdditional Information: i. Depreciation charge for the year was P40,000. ii. P700,000 were the...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the information below into consideration: INFORMATION 1. The owner purchased a delivery vehicle for the entity to the value of R235 000 and paid by an electronic fund transfer (EFT) from his personal bank account. 2. Purchased inventory to the value of R12 000 on credit. 3. Paid R4 500...
The following is the Statement of Profit or Loss and the Statements of Financial Position for...
The following is the Statement of Profit or Loss and the Statements of Financial Position for Nachos Bhd (NB) for the year 2019: Nachos Bhd Statement of Profit or Loss For the year ended 30 September 2019 RM RM Sales 220,000 Cost of sales (98,000) Gross profits 122,000 Selling and distribution costs 25,000 Administrative costs 15,000 Depreciation 2,000 Profit on sale of plant (2,000) (40,000) 82,000 Interest expense (6,000) Investment income 1,000 Gain on sale of investment 2,000 Profit before...
1.Prepare Statement of Profit or Loss 2.Prepare Statement of Financial Position. Clearwater Enterprise is a mer...
1.Prepare Statement of Profit or Loss
2.Prepare Statement of Financial Position.
Clearwater Enterprise is a mer Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. profic or Debit (RM) po 30,000 Credit (RM) Machinery Accumulated depreciation - machinery Income Balon 10,000 Land9800219 STUOTE 2 Building 3d9b Tab 102 zivo1 20 Simon 250,000 120.000 24,000 40,000 22,500 61,400 Accumulated depreciation - building Loan from Ah...
When preparing and presenting a consolidated statement of profit or loss and other comprehensive income the...
When preparing and presenting a consolidated statement of profit or loss and other comprehensive income the non-controlling interests’ (NCI) share of profit is presented as: a. a combined profit after tax together with the parent’s ones b. a combined profit before tax together with the parent’s ones c. a separate component of income d. a separate portion of profit or loss attributable to the non-controlling interest
a, a statement of profit or loss and other comprehensive income
for the year ended 31 October 2019.
b.statement of financial position
Dr. s 1,476,948 4.349,474 66,554 18,600 --- - 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 pavables Discount received Cash at bank Allowance for doubtful debts, at 1 November 2018 Machinery, at cost Motor vehicles, at cost Accumulated...
Formot Thabong Traders Stalement of Profit Income for the year or loss and other comprehensive ended 31 october 140 ooo (93 000) 47 ooo 1 Sales Cost of sales Gross Potit other expenses water and elechoty stotonery wages Rent expense. ? (15ooo) (45 oo) Poft for the year . QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the...
income statement
statement of changes in equity
statement of financial position
These accounts and balances are taken from the financial statements of Sarasota Corporation for the year ended December 31, 2022 Retained earnings, January 1 Utilities expense Equipment Accounts payable Income tax payable Cash Salaries payable Common shares, January 1 Dividends declared Service revenue Prepaid insurance Repair and maintenance expense Depreciation expense Accounts receivable Insurance expense Salaries expense Income tax expense Accumulated depreciation-equipment $25,000 1,300 81,000 19,200 4.700 12,400 3,000...
n headings of the statement of profit or loss and other comprehensive income The main sectio include revenue, cost of goods sold, other income, operating expenses and Required: Classify the following descriptions under the appropriate headings in the statement of proft or loss and other comprehensive income. 2 other expenses. Presentation of Financial Statements 01 a) Office salary expenses (b) Sales of services provided d Insurance expenses (d) Sales of inventories (0) Income from interest on savings accounts (i) Income...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
QUESTION 3 10 points Save Answer Complete the following statement of profit or loss and other comprehensive income of Thabang Traders for the financial year ended 31 October 2019, taking the information below into consideration: INFORMATION 1. The owner purchased a delivery vehicle for the entity to the value of R235 000 and paid by an electronic fund transfer (EFT) from his personal bank account. 2. Purchased inventory to the value of R12 000 on credit. 3. Paid R4 500...
1.Prepare Statement of Profit or Loss
2.Prepare Statement of Financial Position.
Clearwater Enterprise is a mer Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. profic or Debit (RM) po 30,000 Credit (RM) Machinery Accumulated depreciation - machinery Income Balon 10,000 Land9800219 STUOTE 2 Building 3d9b Tab 102 zivo1 20 Simon 250,000 120.000 24,000 40,000 22,500 61,400 Accumulated depreciation - building Loan from Ah...
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