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Financial Accounting

   

Added on  2022-12-09

10 Pages1254 Words496 Views
Finance
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FINANCIAL ACCOUNTING
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Financial Accounting_1

TABLE OF CONTENTS
SECTION A.....................................................................................................................................3
Question 1...................................................................................................................................3
SECTION B.....................................................................................................................................5
Question 2...................................................................................................................................5
Question 3...................................................................................................................................8
Question 5...................................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
Financial Accounting_2

SECTION A
Question 1
Profit and loss
Particular
Revenue 495000000
OP inventory 134000000
purchases 218000000
CL inventory 52000000
Cost of sales 300000000
Distribution cost 34000000
Gross profit 161000000
administrative ex-
penses 48200000
depreciation 14700000
interest on loan 1500000
dividend 8000000
tax 9000000
net profit 79600000
Statement of equity
Bone - Statement of changes in equity for year ended 31 December 2020
Share
Capital
Share
Premium
Revaluation
Reserve
Retained
Earnings
Total
£’000 £’000 £’000 £’000 £’000
Opening balance at 1 Jan
2020
70000 48000 0 42000 162,200 1
Total comprehensive income 2
Share issue
Dividends payable (8000) (8000) 1
Closing balance at 31 Dec
2020
70000 48000 0 42000 154200 1
Financial Accounting_3

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