Financial Statement Question

by Sadie Burke
(Ireland)

from the following information prepare:
1 Profit and Loss Appropriation A/C for year ended 31.12.2005
2 Balance Sheet extract as at 31.12.2005 showing Shareholders funds and Capital Employed.


Trial Balance as at 31.12.2005
issued ordinary Share Cap €1 each 500,000
P & L (credit) Balance 1.1.2005 40,000
General Reserve 25,000
Term Loan 10,000


Note; A Ordinary Share Dividend 8% Declared(proposed) by directors
B Transfer to General Reserve 15,000
C Net Profit for year 68,000

A Calculate Return on Shreholders Funds.
B Return on Capital Employed.



P & L Appropriation A/C year ended 31.12.2005
ordinary Div 8% 40,000 Bal B/D 40,000
General Reserve 15,000
Balance C/D 53,000 Net profit 68,000
108,000 108,000
Bal B/D 53,000


General Reserve A/C
Bal B/D 25,000
P&L Appropriation A/C 15,000
Bal C/D 40,000 Bal B/D 40,000
40,000
Bal B/D 40,000










Balance Sheet year ended 31.12.2005
Current Liabilities
Ordinary Share Dividend 40,000



financed by:
Share Capital 367,000
reserves:
General Reserve 40,000
retained Profits P&L A/C 53,000 93,000
Shareholders Funds 460,000
Term Loan 10,000
470,000

Comments for Financial Statement Question

Average Rating starstarstarstarstar

Click here to add your own comments

Oct 29, 2015
Rating
starstarstarstarstar
Review NEW
by: Anonymous

The service got to guarantee your written language writing reflects a tutorial sort of writing, from the introduction to the conclusion. additionally to manually associate degreed completely checking the written language manually by associate knowledgeable editor. See more statement of research goals

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Profit and Loss Statement Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Like Bookkeeping-Basics.net?