logo

Alternative Assessment on Accounting: CC Ltd. Income Statement and Statement of Financial Position

3 Pages569 Words487 Views
   

Added on  2019-10-18

About This Document

This alternative assessment on accounting covers the income statement and statement of financial position of CC Ltd. with additional information and required calculations. It also includes financial ratios such as acid test ratio, current ratio, gearing ratio, and ROCE, and their limitations. The subject is MN1405 Accounting and the course code is not mentioned. The college or university is not mentioned.

Alternative Assessment on Accounting: CC Ltd. Income Statement and Statement of Financial Position

   Added on 2019-10-18

ShareRelated Documents
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)
Alternative Assessment on Accounting: CC Ltd. Income Statement and Statement of Financial Position_1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Accounting for Business: Income Statement, Financial Position, Investment Appraisal, Financial Ratios of NS plc
|10
|1647
|239

AFB Exam: Income Statement, Financial Position, Investment Analysis, Ratios and Performance Evaluation
|11
|1614
|457

Introduction to Financial Accounting: Income Statement, Statement of Change in Equity, and Balance Sheet
|9
|1111
|385

Accountancy: Income Statement, Financial Ratios, Investment Appraisal
|11
|2066
|184

Accounting Fundamentals: Financial Statements, Ratios, and Analysis
|17
|2407
|188

Accounting Fundamentals: Financial Statements and Ratio Analysis
|15
|1989
|423