Required: 

(a) A statement of profit or loss and other comprehensive income for the year ended 30 Septe 

(b) A statement of financial position as at 30 September 2020.

 

Transcribed Image Text:

The following trial balance relates to Lloyd, a listed company, at 30 September 2020: K'000 150,000 128,000 26,500 Land and buildings-at valuation 1 October 2019 Plant-at cost Accumulated depreciation of plant at 1 October 2019 Investments - at fair value Investment income Cost of sales Distribution costs Administrative expenses Loan interest paid Inventory at 30 September 2020 Income tax Trade receivables Revenue Equity shares of 50 ngwee each fully paid Retained earnings at 1 October 2019 2% loan note 2021 Trade payables Revaluation reserve (arising from land and buildings) Deferred tax Suspense account Bank 89,200 11,000 12,500 800 37,900 45,100 501,000 K' 000 32,000 2,200 400 210,400 60,000 25,500 80,000 34,700 14,000 11,200 24,000 6,600 501.000 The following trial balance relates to Lloyd, a listed company, at 30 September 2020: K'000 150,000 128,000 26,500 Land and buildings-at valuation 1 October 2019 Plant-at cost Accumulated depreciation of plant at 1 October 2019 Investments - at fair value Investment income Cost of sales Distribution costs Administrative expenses Loan interest paid Inventory at 30 September 2020 Income tax Trade receivables Revenue Equity shares of 50 ngwee each fully paid Retained earnings at 1 October 2019 2% loan note 2021 Trade payables Revaluation reserve (arising from land and buildings) Deferred tax Suspense account Bank 89,200 11,000 12,500 800 37,900 45,100 501,000 K' 000 32,000 2,200 400 210,400 60,000 25,500 80,000 34,700 14,000 11,200 24,000 6,600 501.000

Answer rating: 100% (QA)

a Lloyd PLC Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 30 September 2020 K000 Revenue 80000 Cost of Sales 37900 Gro... View the full answer