Setlloh2- Assessment The assessment example(s) below can be used by centres, or alternatively centres can develop their own assessment. Assessment 1 Outcomes covered 1 and 2 Assessment instructions Question1 You are the assistant accountant with IDS Ltd. Your boss has asked you to prepare the draft Income Statement, Statement of Financial Position and Statement of Changes in Equity for the year ended 31 December 2014, for internal use, based on the following Trial Balance (extracted from the computerised record keeping system) and the additional information shown below. In undertaking this task you may refer to the attached pro forma layout. 000 1,500 220 000 Trade Receivables Trade Payables Administration Expenses 10% Debentures 2019 Inventory at 1 January 2014 Distribution Costs Purchases Revenue Retained Earnings at 1 January 2014 Property (NBV@ 31/12/2013) Plant and Machinery (NBV @ 31/12/2013) Fixture and Fittings (NBV@ 31/12/2013) Motor Vehicles (NBV@ 31/12/2013) Profit on disposal of operations Ordinary Shares of 1 Ordinary Dividend Paid 30/6/2014 Cash and cash equivalents 1,050 1,600 600 340 2,000 3,550 1,090 2,500 650 150 150 220 1100 15 485 8610 Scottish Qualifications Authority