Survival Ltd, a dealer in leather products, had the following year-end balances: 2002 $000 250 100...

 

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Survival Ltd, a dealer in leather products, had the following year-end balances: 2002 $000 250 100 31 (16) 56 100 Year ended 31 December 2003 $000 400 60 600 380 26 28 16 16 10 Equipment (NBV) Stock Debtors Bank Ordinary share capital 16% Debentures Creditors Sales Cost of sales Administrative costs Distribution costs Proposed dividends Finance costs Depreciation Retained earnings on 1 January 2002 were $9 000. a) Prepare in columnar format, the Trading and Profit and Loss and Appropriation Accounts for each of the above years. b) c) d) 160 62 (24) 90 50 54 1045 600 80 70 10 8 0 0 46 20 70518-15m 40 007-18 16 2004 $000 415 50 Prepare, in columnar format, Balance Sheets as at 31 December 2002, 2003 and 004. Identify and comment on four trends shown in the company's results for the three years. Give any two groups of people, besides the proprietors, who might be interested in these results and state why. Survival Ltd, a dealer in leather products, had the following year-end balances: 2002 $000 250 100 31 (16) 56 100 Year ended 31 December 2003 $000 400 60 600 380 26 28 16 16 10 Equipment (NBV) Stock Debtors Bank Ordinary share capital 16% Debentures Creditors Sales Cost of sales Administrative costs Distribution costs Proposed dividends Finance costs Depreciation Retained earnings on 1 January 2002 were $9 000. a) Prepare in columnar format, the Trading and Profit and Loss and Appropriation Accounts for each of the above years. b) c) d) 160 62 (24) 90 50 54 1045 600 80 70 10 8 0 0 46 20 70518-15m 40 007-18 16 2004 $000 415 50 Prepare, in columnar format, Balance Sheets as at 31 December 2002, 2003 and 004. Identify and comment on four trends shown in the company's results for the three years. Give any two groups of people, besides the proprietors, who might be interested in these results and state why.