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Financial Accounting Assignment

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Added on  2020-03-23

Financial Accounting Assignment

   Added on 2020-03-23

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Running head: FINANCIAL ACCOUNTING ASSIGNMENTFinancial Accounting AssignmentStudent’s Name:University Name:Author Note
Financial Accounting Assignment_1
1FINANCIAL ACCOUNTING ASSIGNMENTSTATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMESales161500190400Revenue1Commission and Royalties received62009520Investment income(DividendsReceived)714756Total revenue168414200676ExpensesOperating Expenses2-130634-153046Accumulated DepriciationLand & Buildings-63000-69000Plant & Manufacturing Equipment-12500-16200Office Equipment-1300-1400Vehicles-420-650Operating Profit/Profit before Tax 128974161056Income Tax Expense3-5040-7830Net Profit after Tax123934153226STATEMENT OF CHANGES IN EQUITYSTATEMENT OF CHANGES IN EQUITY for the financialyear ended 30th june, 2016 ParticularsNotesShareCapitalRetainedEarningsAssetRevaluationReserveOpening balance14000042500850(+)Net Profit for the year117734TOTAL4160234(-)DividendInterim Dividend paid-4500Final Dividend paid-9000
Financial Accounting Assignment_2
2FINANCIAL ACCOUNTING ASSIGNMENTTOTAL5146734STATEMENT OF CHANGES IN EQUITY for the financialyear ended 30th june, 2017ParticularsNotesShareCapitalRetainedEarningsAssetRevaluationReserveOpening balance14000061740850(+)New Share Capital17000Total Share Capital6157000(+)Net Profit for the year143706TOTAL7205446(-)DividendInterim Dividend paid-6750Final Dividend paid-11250TOTAL8187446STATEMENT OF FINANCIAL POSITIONSTATEMENT OF FINANCIAL POSITION for the year ended 2016 and 2017ParticularsNotes20162017ASSETSCurrent Assets9Accounts Receivable101310012500
Financial Accounting Assignment_3

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