The trial balance of Lindor Limited as at 31 March 2023 was as follows: Administration...

 

 

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The trial balance of Lindor Limited as at 31 March 2023 was as follows: £ Administration expenses Distribution expenses Directors fees Bad debts Audit fees Trade receivables and trade payables Allowance for bad debts Carriage inwards (Procurement expenses) Carriage outwards (Delivery expenses) Warehouse wages Production expenses Purchases and Sales Office expenses Rent and rates Office insurance Interest expenses and interest income Inventory on April 1, 2022 Equity capital Share premium Revaluation reserves Retained earnings Office Building Factory Building Plant and Equipment Motor vehicles Accumulated depreciation - Office Building - Factory Building - Pland and Equipment - Motor Vehicles Investment 5% Debentures Bank balances 102,941 89,042 20,000 6,500 10,000 185,000 2,775 65,055 103,274 203,984 405,772 188,644 36,000 1,560 18,750 28,781 180,000 450,000 200,000 77,500 200,000 36,465 2,612,043 E 37,500 12,094 1,732,296 2,500 50,000 100,000 10,000 87,903 12,000 30,000 30,000 7,750 500,000 2,612,043 *+6406 6,406 18,500.0 Revised figure + 6,250 TRUE £560 was prepaid for insurance expenses, and £4,000 rental expenses was owing as at 31 March 2023 Taxation for the year is estimated at £36,500 Debenture interest for the last quarter of the financial year is yet to be paid, and ought to be accrued. =25,000 REVISED FINANCE COST Additional information Inventory as at 31 March 2023 was valued at £31209 Office and Factory biuldings are to be depreciated at 5% on straight line basis Plant and Machinery and Motor Vehicles are to be depreciated at 10% and 15% respectively on reducing balance basis Allowance for bad debts is to be increased to 10% of Trade receivables balance Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures The trial balance of Lindor Limited as at 31 March 2023 was as follows: £ Administration expenses Distribution expenses Directors fees Bad debts Audit fees Trade receivables and trade payables Allowance for bad debts Carriage inwards (Procurement expenses) Carriage outwards (Delivery expenses) Warehouse wages Production expenses Purchases and Sales Office expenses Rent and rates Office insurance Interest expenses and interest income Inventory on April 1, 2022 Equity capital Share premium Revaluation reserves Retained earnings Office Building Factory Building Plant and Equipment Motor vehicles Accumulated depreciation - Office Building - Factory Building - Pland and Equipment - Motor Vehicles Investment 5% Debentures Bank balances 102,941 89,042 20,000 6,500 10,000 185,000 2,775 65,055 103,274 203,984 405,772 188,644 36,000 1,560 18,750 28,781 180,000 450,000 200,000 77,500 200,000 36,465 2,612,043 E 37,500 12,094 1,732,296 2,500 50,000 100,000 10,000 87,903 12,000 30,000 30,000 7,750 500,000 2,612,043 *+6406 6,406 18,500.0 Revised figure + 6,250 TRUE £560 was prepaid for insurance expenses, and £4,000 rental expenses was owing as at 31 March 2023 Taxation for the year is estimated at £36,500 Debenture interest for the last quarter of the financial year is yet to be paid, and ought to be accrued. =25,000 REVISED FINANCE COST Additional information Inventory as at 31 March 2023 was valued at £31209 Office and Factory biuldings are to be depreciated at 5% on straight line basis Plant and Machinery and Motor Vehicles are to be depreciated at 10% and 15% respectively on reducing balance basis Allowance for bad debts is to be increased to 10% of Trade receivables balance Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2016, including appropriate EPS disclosures

Answer rating: 100% (QA)

Based on the provided adjustments and additional information heres the prepared statement of compreh... View the full answer