From the following trial balance, construct the financial statements for Boothroyd Ltd for the year ended 31
Question:
From the following trial balance, construct the financial statements for Boothroyd Ltd for the year ended 31 December 2011.
Additional information:
1 Depreciation is to be provided on non-current assets at 10% on cost 2 Inventory as at 31 December 2017 was £27,880 3 Tax due for the year was £13,400.
Transcribed Image Text:
Boothroyd Ltd Trial balance as at 31 December 2011 2 ordinary shares 200,000 5% 1 preference shares Retained earnings Non-current assets Sales revenue Purchases Opening inventory Distribution costs 60,000 40,003 390,000 400,000 260,000 35,600 23,000 Administration costs 17,600 Directors' remuneration 13,500 Trade receivables and payables 25,400 21,900 Cash and cash equivalents 51,400 Provision for depreciation on non-current assets 8,997 8% debentures 80,000 Share premium account 20,000 Debenture interest 6,400 Ordinary dividends paid 5,000 Preference dividends paid 3,000 830,900 830,900
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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