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Accounting Fundamental Assessment 1

   

Added on  2023-01-05

10 Pages2158 Words86 Views
Accounting fundamental
assessment 1

Table of Contents
QUESTIONS...................................................................................................................................3
1. Eccles plc for the year ended 31st December 2018Eccles plc for the year ended 31st
December 2018............................................................................................................................3
B. Why the statement of financial position balances...................................................................5
Question 2........................................................................................................................................6
A. Ratio Analysis.........................................................................................................................6
B. Comment on financial performance and position of Chocco Plc...........................................9

QUESTIONS
1. Eccles plc for the year ended 31st December 2018Eccles plc for the year ended 31st
December 2018
A). Income statement for the year ended 31st December 2019 for Eccles plc and a statement of
financial position as at that date.
Income statement
Particulars Amount
Revenue (amount of goods or service sold for period) 827630
Cost of sales 578650
Gross profit 248980
Distribution cost 31000
Administration cost 85000
Other income 0
Operating profit 135980
Income from investment 0
Finance cost 2000
Profit before tax 130980
Taxation 68000
Net profit 62980
Statement of financial position

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