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MN1405 Accounting Exam Alternative Assessment

   

Added on  2019-10-18

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MN1405 AccountingExam Alternative AssessmentAnswer ALL questions.QUESTION 1 The accountant of CC Ltd., a business that makes and sells cooling equipment, provided the following balances as at 31 December 2015. Account£ 000Administrative expenses514Auditor’s fees20Cash at bank10Debentures (12%)200Debenture interest paid12Directors’ remuneration 120Dividends paid: Ordinary interim40 Preference 10Furniture and equipment: at cost400 Accumulated depreciation (at 1 Jan, 2013)96Inventories (at 1 Jan 2013)310Land 670Ordinary share capital (£1 per share)8005% Preference share capital 400Retained profit (at 1 Jan 2013)
MN1405 Accounting Exam Alternative Assessment_1

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