The information has been taken from the companys books as at 31 December 20X1, but the following
Question:
The information has been taken from the company’s books as at 31 December 20X1, but the following has not been allowed for.
(a) Inventory at the end of the year is €25,000.
(b) Audit fees owing amounted to €500.
(c) Machinery and vehicles are to be depreciated by 10% and 20%, respectively.
Satisfy yourself that total sources equal total applications before making necessary adjustments for (a)–(c). Then draw up the balance sheet and income statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An International Introduction
ISBN: 9781292102993
6th Edition
Authors: David Alexander, Christopher Nobe
Question Posted: