The statement of financial position as at 31 October 20X7-新东方在线职业题库

The statement of financial position as at 31 October 20X7

考点：Chapter20Preparationoffinancialstatementsforcompanies

MALRIGHT

STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 20X7

$'000 $'000

Non-current assets

Tangible assets (W3) 966

Current assets

Inventory 75

Trade receivables (320 - 16) 304

379

Equity and liabilities 1,345

Equity

$1 ordinary shares 650

Share premium 80

Retained earnings (part (b)) 200

930

Non-current liabilities

10 % loan notes 50

Current liabilities

Trade payables 250

Bank overdraft 50

Tax payable 45

Loan interest payable 5

Energy expense accrual 15

365

Total equity and liabilities 1,345

Workings

1 Cost of sales/distribution costs/administration expenses

Cost of Distribution Administrative

sales cost expenses

$'000 $'000 $'000

Purchases 1,105

Discounts received (90)

Wages (40:25:35) 72 45 63

Energy expenses ($105 + $15)

(40:20:40) 48 24 48

Opening inventory 160

Administrative expenses 80

Increase in allowance for receivables 6

(W2)

Director's remuneration 70

Closing inventory (75)

Depreciation - buildings (30:30:40) (W3) 11 11 15

Depreciation - plant (W3) 22

1,343 80 192

2 Allowance for receivables

$'000

Trade receivables at 31 October 20X7 320

△Allowance needed: $320 x 5% 16

Allowance at 1 November 20X6 10

△Increase 6

3 Tangible non-current assets

Land Buildings Plant Total

$'000 $'000 $'000 $'000

Cost 235 740 220 1,195

Accumulated depn

at 1.11.X6 -- 60 110 170

Charge for year Buildings:

$740,000 x 5% 37 37

Plant:

(220 - 110) x 20% 22 22

-- 97 132 229

Carrying amount at 31.10.X7 235 643 88 966

4 Revenue

$'000

Per trial balance 1,800

Less returns inward (35)

1,765

多做几道

材料全屏

【论述题】

Prepare the draft consolidated statement of profit or loss and draft consolidated statement of financial position for the Swing group at 31 December 20X8.

材料全屏

【论述题】

Prepare the following financial statements for Black.

The consolidated statement of profit or loss for the year ended 31 October 20X5.

(ii) The consolidated statement of financial position as at 31 October 20X5.

Calculate the net profit percentage ratio for Black and Bury and comment on this ratio for the two companies.

材料全屏

【论述题】

Calculate the goodwill on acquisition.

Prepare the consolidated statement of financial position for the Prestend group as at 31 October 20X7.Note. A working should be included for group retained earnings. Disclosure notes are not required.