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1) Prepare the statement profit or loss for the year
ended 31 December 2018
2)Prepare the financial position as that date.
The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
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The following information has been extracted from the books of account of Tanya Marsh at 30 April 2016 2275 10 000 6 550 1 250 5 600 15 000 11 500 12 500 23 500 44 500 35 405 2 800 1 200 120 000 45 200 25 652 Bank overdraft Bank loan repayable February 2017 Carriage outwards Discounts allowed Discounts received Drawings Inventories at 1 May 2015 Motor vehicle expenses Premises Purchases Rent (expense) and rates Returns inwards Returns...
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Part 3: Financial statements - 40 marks From the following information of the accounting book of Hope Dunn, draw up: (1) an Income statement for the year ended 31 December 2017 (in €). (2) Prepare a Balance Sheet as at 31 December 2017 (in €). 400.000 91,000 255,000 35,000 51,000 Premises Purchases Sales Fixtures and Fittings Motor Cars Allowance for Depreciation: - Fixtures and Fittings • Motor Cars Bank Stock of goods at 1st January 2017 Cash Postage expenses 16,000...
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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...
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answer questions ab,thank you ,I will vote you positive
The following balances were extracted from Chan's ledger on 31 December 2019. Sales Cash at bank Drawings Capital, 1 January 2019 Office premises Fixtures and fittings Bank loan (repayable in 8 years) Trade receivables Returns outwards General expenses Rent and rates Wages and salaries Cash in hand Inventory, 1 January 2019 Purchases Returns inwards Trade payables Loan from Charles (repayable in 3 years) Motor vehicles Travelling expenses Postage and stationery $...
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- BA is a sole trader. The business's trial balance on 31 December 2018 is as follows: Debit Credit Capital 121,600 22,000 Motor vehicles at cost Depreciation to 1 January 2018 Equipment at cost Depreciation to 1 January 2018 Inventory as at1 January 2018 Trade receivables Trade payables 44,000 102,000 15,000 9,000 22,500 51,000 42,000 Sundry expenses 8,500 14,000 5,000 64,000 Heating and lighting Wages and salaries 3,300 428,000 302,000 2,000 Purchases returns Carriage inwards Carriage outwards Provision for doubtful...
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It Financial statements (40 points) From the following information of the accountira book of Hope Dunn, draw up (1) an Income statement for the year pode December 2019 in) - 20 points (2) Prepare a Balance Sheet as at 31 December 2019 in €) -20 points (3) Before preparation of financial statement please take into account additional information that is given below 400.000 91.000 255,000 35.000 51.000 16.000 22 000 3.500 19.000 800 4,070 15 000 2,600 Premises Purchases Sales...
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62. Preparation of internal and published financial statements Required: Prepare for the year ended 30 June 20x6 the statement of comprehensive income changes in equity and statement of financial position. * Question 3 Basalt plc is a wholesaler. The following is its trial balance as at 31 December 20X0. Dr £000 GE00 Ordinary share capital: £l shares Share premium General reserve Retained earnings as at January 20X0 Inventory as at January 20X0 Sales Purchases Administrative costs Distribution costs Plant and...
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10. The following is a list of balances obtained from Shamimi Enterprise as at 31 October 20X2. Sales Purchases Returns inwards Returns outwards Carriage inwards Carriage outwards Import duties Inventory as at 1 November 20X1 Inventory as at 31 October 20X2 Sundry expenses Salaries Telephone and electricity Insurance Motor expenses Stationery Discount allowed Discount received Allowance for doubtful debts RM 440,000 220,000 17,050 19,800 4,400 3,000 1,100 33,000 44,000 1,500 40,000 6,000 900 2,700 1,300 1,000 600 1,500 174 FINANCIAL...
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On December 31, 2017 the following Trial Balance was extracted
from the books of Rosetta Park.
Details/Accounts
Dr
Cr
Capital
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151,350
Acc. Prov. for Depreciation: Fixtures and Fittings Jan. 2017
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4,500
Acc. Prov. for Depreciation: Motor Vehicle Jan. 2017
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4,950
Creditors
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40,500
Commission Received
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5,400
Rent Received
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18,000
Sales
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61,500
Purchases
17,400
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Office Expenses
16,000
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Miscellaneous Expenses
1,110
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Salary and Wages
11,700
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Carriage inwards
150
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Telephone Expense
360...
1) Prepare the statement profit or loss for the year
ended 31 December 2018
2)Prepare the financial position as that date.
The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
The following information has been extracted from the books of account of Tanya Marsh at 30 April 2016 2275 10 000 6 550 1 250 5 600 15 000 11 500 12 500 23 500 44 500 35 405 2 800 1 200 120 000 45 200 25 652 Bank overdraft Bank loan repayable February 2017 Carriage outwards Discounts allowed Discounts received Drawings Inventories at 1 May 2015 Motor vehicle expenses Premises Purchases Rent (expense) and rates Returns inwards Returns...
Part 3: Financial statements - 40 marks From the following information of the accounting book of Hope Dunn, draw up: (1) an Income statement for the year ended 31 December 2017 (in €). (2) Prepare a Balance Sheet as at 31 December 2017 (in €). 400.000 91,000 255,000 35,000 51,000 Premises Purchases Sales Fixtures and Fittings Motor Cars Allowance for Depreciation: - Fixtures and Fittings • Motor Cars Bank Stock of goods at 1st January 2017 Cash Postage expenses 16,000...
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...
answer questions ab,thank you ,I will vote you positive
The following balances were extracted from Chan's ledger on 31 December 2019. Sales Cash at bank Drawings Capital, 1 January 2019 Office premises Fixtures and fittings Bank loan (repayable in 8 years) Trade receivables Returns outwards General expenses Rent and rates Wages and salaries Cash in hand Inventory, 1 January 2019 Purchases Returns inwards Trade payables Loan from Charles (repayable in 3 years) Motor vehicles Travelling expenses Postage and stationery $...
- BA is a sole trader. The business's trial balance on 31 December 2018 is as follows: Debit Credit Capital 121,600 22,000 Motor vehicles at cost Depreciation to 1 January 2018 Equipment at cost Depreciation to 1 January 2018 Inventory as at1 January 2018 Trade receivables Trade payables 44,000 102,000 15,000 9,000 22,500 51,000 42,000 Sundry expenses 8,500 14,000 5,000 64,000 Heating and lighting Wages and salaries 3,300 428,000 302,000 2,000 Purchases returns Carriage inwards Carriage outwards Provision for doubtful...
It Financial statements (40 points) From the following information of the accountira book of Hope Dunn, draw up (1) an Income statement for the year pode December 2019 in) - 20 points (2) Prepare a Balance Sheet as at 31 December 2019 in €) -20 points (3) Before preparation of financial statement please take into account additional information that is given below 400.000 91.000 255,000 35.000 51.000 16.000 22 000 3.500 19.000 800 4,070 15 000 2,600 Premises Purchases Sales...
62. Preparation of internal and published financial statements Required: Prepare for the year ended 30 June 20x6 the statement of comprehensive income changes in equity and statement of financial position. * Question 3 Basalt plc is a wholesaler. The following is its trial balance as at 31 December 20X0. Dr £000 GE00 Ordinary share capital: £l shares Share premium General reserve Retained earnings as at January 20X0 Inventory as at January 20X0 Sales Purchases Administrative costs Distribution costs Plant and...
10. The following is a list of balances obtained from Shamimi Enterprise as at 31 October 20X2. Sales Purchases Returns inwards Returns outwards Carriage inwards Carriage outwards Import duties Inventory as at 1 November 20X1 Inventory as at 31 October 20X2 Sundry expenses Salaries Telephone and electricity Insurance Motor expenses Stationery Discount allowed Discount received Allowance for doubtful debts RM 440,000 220,000 17,050 19,800 4,400 3,000 1,100 33,000 44,000 1,500 40,000 6,000 900 2,700 1,300 1,000 600 1,500 174 FINANCIAL...