Advanced Preparation of Financial Statements
Autor: sHANICE1 • March 14, 2015 • Coursework • 1,438 Words (6 Pages) • 871 Views
Unit 5: Advanced Preparation of Financial Statements
Additional Questions
Semester 1, 2013 – Final Examination – Question 1 and 3
QUESTION 1 [45 minutes]
The following trial balance relates to RastalInc at 30 September 2013:
$'000 | $'000 | |
Revenue | 213,500 | |
Cost of sales | 136,800 | |
Distribution costs | 12,500 | |
Administrative expenses | 19,000 | |
Loan note interest paid | 1,500 | |
Dividend | 16,200 | |
Investment income | 400 | |
Equity shares of 25 cents each | 60,000 | |
Retained earnings at 1 October 2012 | 18,500 | |
6% convertible loan note | 25,000 | |
Land | 10,000 | |
Buildings at cost | 60,000 | |
Plant and equipment at cost | 83,700 | |
Accumulated depreciation at 1 October 2012: buildings | 8,000 | |
Accumulated depreciation at 1 October 2012: plant and equipment | 33,700 | |
Inventory at 30 September 2013 | 24,800 | |
Trade receivables | 28,500 | |
Bank | 2,900 | |
Trade payables | 36,800 | |
395,900 | 395,900 |
The following notes are relevant:
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