BUSINESS ACCOUNTS. sample documents. sourced from
|
|
- Magnus Palmer
- 7 years ago
- Views:
Transcription
1 BUSINESS ACCOUNTS sample documents sourced from
2 Sample documents document page invoice 3 statement 4 double-entry accounts 5 cash book 6 petty cash book 7 extended trial balance 8 sole trader financial statements 9-10 limited company financial statements statement of cash flows 13 2
3 INVOICE invoice to invoice no account your reference date/tax point deliver to product description quantity price unit total discount net code % terms Net 30 days Carriage paid E&OE GOODS TOTAL VAT TOTAL 3
4 STATEMENT OF ACCOUNT TO account date date details debit credit balance AMOUNT NOW DUE 4
5 Dr Cr Date Details Date Details Dr Cr Date Details Date Details Dr Cr Date Details Date Details Dr Cr Date Details Date Details 5
6 Dr Cash Book Cr Date Details Folio Discount VAT Cash Bank allowed Date Details Folio Discount VAT Cash Bank received 6
7 Petty Cash Book Receipts Date Details Voucher Total number payment VAT Analysis Columns 7
8 EXTENDED TRIAL BALANCE name... date... Description Ledger balances Adjustments Profit and loss Balance sheet Dr Cr Dr Cr Dr Cr Dr Cr Closing stock: Profit and loss Closing stock: Balance sheet Accruals Prepayments Depreciation Bad debts Provision for bad debts:adjustment Net profit/loss 8
9 sole trader financial statements TRADING AND PROFIT AND LOSS ACCOUNT OF FOR THE YEAR/PERIOD ENDED TRADING ACCOUNT PROFIT AND LOSS ACCOUNT Sales Less Sales returns Net sales Opening stock Purchases Carriage in Less Purchases returns Net purchases Less Closing stock Cost of Goods Sold Gross profit Add other income, eg Discount received Reduction in provision for bad debts Profit on sale of fixed assets Other income Less expenses, eg Vehicle running expenses Rent Rates Heating and lighting Telephone Salaries and wages* Discount allowed Carriage out Other items, eg Provision for depreciation Loss on sale of fixed assets Bad debts written off Increase in provision for bad debts Net profit * Wages are sometimes listed as an expense in the trading account section 9
10 BALANCE SHEET OF AS AT Fixed Assets Cost Dep'n to date Net Intangible: Tangible: Goodwill Premises Equipment Vehicles etc Current Assets Stock (closing) Debtors Less Provision for bad debts Prepayments Bank Cash Less Current Liabilities Creditors Accruals Bank overdraft Working Capital Less Long-term Liabilities Loans NET ASSETS FINANCED BY Capital Opening capital Add Net profit (from profit and loss account) Less Drawings Practical point: when preparing handwritten financial statements it is usual practice to underline all the headings and sub-headings shown in bold print in the example layout. 10
11 limited company financial statements INCOME STATEMENT FOR THE YEAR ENDED Revenue Opening inventories Purchases Less Closing inventories Cost of Goods Sold Gross profit Less Overheads: Distribution costs Administration expenses Profit from operations Less Finance costs Profit before tax Less Tax Profit for the year Statement of changes in equity Retained earnings Balance at start of year Profit for the year Less Dividends paid Balance at end of year 11
12 STATEMENT OF FINANCIAL POSITION AT Impairment/ Non-current Assets Cost Dep'n to date Net Intangible Goodwill Property, plant and equipment Freehold land and buildings Machinery Fixtures and fittings Current Assets Inventories Trade and other receivables Cash and cash equivalents Less Current Liabilities Trade and other payables Tax liability Net Current Assets Less Non-current Liabilities 10% debentures NET ASSETS EQUITY Authorised Share Capital Ordinary shares of each Issued Share Capital Ordinary shares of each, fully paid Capital Reserve Share premium Revenue Reserve Retained earnings TOTAL EQUITY Note: ʻNet Current Assetsʼ is an alternative term for ʻWorking Capitalʼ and is commonly used in limited company statements of financial position. 12
13 STATEMENT OF CASH FLOWS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED Net cash (used in)/from operating activities Cash flows from investing activities Purchase of non-current assets Proceeds from sale of non-current assets Interest received Dividends received Net cash (used in)/from investing activities Cash flows from financing activities Proceeds from issue of share capital Repayment of share capital ( ) Proceeds from long-term borrowings Repayment of long-term borrowings ( ) Dividends paid (note: amount paid during year) ( ) Net cash (used in)/from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Reconciliation of profit from operations to net cash flow from operating activities Profit from operations (note: before tax and interest) Adjustments for: Depreciation for year (Gain) / loss on sale of non-current assets (Increase) / decrease in inventories Increase / (decrease) in trade and other receivables Increase / (decrease) in trade and other payables Cash (used in)/from operations Interest paid (note: amount paid during year) ( ) Income taxes paid (note: amount paid during year) ( ) Net cash (used in)/from operating activities 13
A2 Accounting for AQA Blank photocopiable documents
A2 Accounting for AQA Blank photocopiable documents Documents page Stores ledger record 1 Sales, production and purchases budgets 2 Trade receivables and trade payables budgets 3 Labour budgets 4 Cash
More informationSUGGESTED LAYOUTS FOR FINANCIAL STATEMENTS
Appendix 2 SUGGESTED LAYOUTS FOR FINANCIAL STATEMENTS These layouts are suggestions only and are not prescriptive. Other suitable alternatives which conform to the general principles of FRS 102 will be
More informationSuggested layouts for financial statements in Accounting Courses National 5 and Higher
Suggested layouts for financial statements in Accounting Courses National 5 and Higher The following suggested layouts may be used when presenting financial statements in the Accounting Courses for National
More informationChart of Accounts - Sole Trader
Chart of Accounts - Sole Trader The basic road map into any accounting system is the chart of accounts. It is this chart that helps establish the information that will be captured by your accounting system,
More informationPREPARING FINAL ACCOUNTS. part
15_1312MH_CH09 27/1/05 8:38 am Page 87 PREPARING part 3 FINAL ACCOUNTS 9 The final accounts of sole traders 10 Accounting principles, concepts and policies 11 Depreciation and fixed assets 12 Bad debts
More informationTeacher Resource Bank
Teacher Resource Bank GCE Accounting Other Guidance: ACCN2 Update on IAS ACCN3 Updates on IAS (July 2012). The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee registered
More informationTrading Profit and Loss Account
Trading Profit and Loss Account Trading Account The trading account shows the income from sales and the direct costs of making those sales. It includes the balance of stocks at the start and end of the
More informationCork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)
Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question
More informationCHAPTER 10 Financial Statements NOTE
NOTE In practice, accruals accounts and prepayments accounts are implied rather than drawn up. It is common for expense accounts to show simply a balance c/d and a balance b/d. The accrual or prepayment
More informationINTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting
www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial
More informationCONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24.
CONTENTS Chapter 2: Double-Entry Book-keeping and the Trial Balance... 1 Chapter 3: Profit Measurement and Balance Sheet Preparation... 5 Chapter 4: Value Added Tax and Statutory Deductions... 8 Chapter
More informationTeacher Resource Bank
Teacher Resource Bank GCE Accounting Other Guidance: Layouts and Formulae ACCN1: Layouts ACCN2: Layouts and Formulae ACCN4: Layouts and Formulae (Updated July 2012) The Assessment and Qualifications Alliance
More informationCENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION)
CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION) BATCH: SEMESTER: NAME: ROLL NO: ASSIGNMENT 1 & 2 FOR BUSINESS ACCOUNTING BBCF 131 UNIVERSITY OF PETROLEUM & ENERGY STUDIES Assignment-1 Note: All
More informationConsolidated balance sheet
Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the
More informationACCOUNTS PRODUCTION OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY
OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY Contents Sales 1 Other Operating Income 1 Income from Shares in Group Undertakings 1 Income from Participating
More informationCASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes
MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size
More informationChart of Accounts AA Corp Tax 0000-1020 / page 1. Sales. Income from participating interests. Income from other fixed asset investments
0000-1020 / page 1 0000 Sales 0001 Sales type A 0002 Sales type B 0003 Sales type C 0004 Sales type D 0005 Sales type E 0006 Sales type F 0007 Sales type G 0008 Sales type H 0009 Sales type I 0100 UK sales
More informationAccounting. Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff. abc
Accounting Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff abc The Scottish Qualifications Authority regularly reviews the arrangements for National
More information6. Show all your workings. icpar
CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.
More informationFINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - AUGUST 2012 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all
More informationSmall Company Limited. Report and Accounts. 31 December 2007
Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the
More informationSOLE TRADER FINAL ACCOUNTS
6 SOLE TRADER FINAL ACCOUNTS CASE STUDY Starting out in business Olivia Boulton used to work as a buyer of kitchen and cookware goods for a large department store in central London. She was good at her
More information0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 100
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2009 question paper for the guidance
More informationFINANCIAL STATEMENTS-II
MODULE - 3 15 FINANCIAL STATEMENTS-II You have learnt that Income Statement i.e. Trading & Profit and Loss Account and Position Statement i.e., Balance Sheet are two financial statements, which are prepared
More informationMARK SCHEME for the May/June 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2011 question paper for the guidance of teachers
More informationEasyPC Training. Accounting Basics
EasyPC Training Accounting Basics Contents Accounting Basics... 3 The Accounting Equation... 3 Assets... 3 Liabilities... 3 Owner s Equity... 3 The Balance Sheet... 5 Double Entry Bookkeeping... 6 Ledger
More informationPaper F3. Financial Accounting. Specimen Exam applicable from June 2014. Fundamentals Level Knowledge Module
Fundamentals Level Knowledge Module Financial Accounting Specimen Exam applicable from June 2014 Time allowed: 2 hours This paper is divided into two sections: Section A ALL 35 questions are compulsory
More informationAssessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176)
NCEA Level 2 Accounting (91176) 2013 Page 1 of 7 Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Part A Question One
More informationFINAL ACCOUNTS FINAL ACCOUNTS AND THE TRIAL BALANCE
12 FINAL ACCOUNTS For most businesses, the final accounts, which are produced at the end of each financial year, comprise: trading account profit and loss account balance sheet Final accounts can be presented
More informationAdvanced Financial Accounting
Advanced Financial Accounting Sample Paper 2 Questions & Suggested Solutions Page 1 of 27 INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY Candidates must indicate clearly whether they are answering the
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate 2014. Marking Scheme. Accounting. Higher Level
Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2014 Marking Scheme Accounting Higher Level Note to teachers and students on the use of published marking schemes Marking
More informationB. Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ).
Manufacturing Accounts ( ) S5 Manufacturing Account/LWL A. Function of a Manufacturing Acccount For those businesses which deal with manufacturing products. It is common in today s business to act both
More informationSTATEMENT ON FINANCIAL POSITION
STATEMENT ON FINANCIAL POSITION DESCRIPTION NOTE DAY 30.06.2013 31.12.2012 Fixed assets 218 532 221 493 214 682 Intangibles 3 583 3 057 3 033 Tangible fixed assets 2 69 812 69 272 63 027 Investment properties
More informationMONDAY, 18 MAY 9.00 AM 11.00 AM
X09/11/01 NATIONAL QUALIFICATIONS 015 MONDAY, 18 MAY 9.00 AM 11.00 AM ACCOUNTING INTERMEDIATE Candidates should attempt four questions as follows: Question 1 and one other from Section A plus Question
More informationBUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the
INTERNATIONAL DIPLOMA PROGRAM ON BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the MODERN PRACTICAL METHODS OF ACCOUNTING Trained and competent bookkeeping
More informationAccounts of the sole trader
Unit 1 Accounts of the sole trader This unit consists of one section only: Section 1: Final accounts Section 1 Final accounts By the end of this section you should be able to: explain the position of a
More informationHow To Write A Report On The Unaudited Accounts Of A Sole Trader
Accounts 31 December 2007 Approval statement I approve these accounts which comprise the Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts, including
More informationFinal Examination Semester 2 / Year 2012
Final Examination Semester 2 / Year 2012 COURSE : ACCOUNTING COURSE CODE : ACCT1023 TIME : 2 1/2 HOURS DEPARTMENT : COMPUTER SCIENCE/INFORMATION TECHNOLOGY LECTURER : CHUAH SWEE AUN Student s ID : Batch
More informationLevel 2 Book-keeping & Accounts Solutions Booklet
Level 2 Book-keeping & Accounts Solutions Booklet For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk London Chamber of Commerce and Industry (LCCI)
More information0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 90
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2009 question paper for the guidance of teachers
More informationFINANCIAL STATEMENTS-I
14 FINANCIAL STATEMENTS-I You have learnt the meaning of the financial statements and the need to prepare these for the business organisations. You have also learnt the format of these statements and the
More informationAccruals and prepayments
5 Accruals and prepayments this chapter covers... In the last chapter we have looked at the preparation of financial statements or final accounts using the extended trial balance, or spreadsheet, approach.
More informationGrade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions. Name: JCansfield Page 1 of 27
Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions Name: JCansfield Page 1 of 27 Accounting Cycle The Accounting cycle takes place over 12 months. We refer to this as the Financial
More informationCHAPTER 4. Final Accounts
CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit
More informationLarge Company Limited. Report and Accounts. 31 December 2009
Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities
More informationChapter 4. Completing the accounting cycle
1 Chapter 4 Completing the accounting cycle 2 Learning objectives 1. Prepare an accounting worksheet and describe its purpose 2. Prepare a classified balance sheet and explain the major headings 3. Explain
More informationStatement of Cash Flows
THE CONTENT AND VALUE OF THE STATEMENT OF CASH FLOWS The cash flow statement reconciles beginning and ending cash by presenting the cash receipts and cash disbursements of an enterprise for an accounting
More informationSESSION 3: COMPANIES FINANCIAL STATEMENTS (THE BALANCE SHEET)
SESSION 3: COMPANIES FINANCIAL STATEMENTS (THE BALANCE SHEET) KEY CONCEPTS: In this session we will look at: - The Balance Sheet - Notes to the Financial Statements Trading Business X-PLANATION THE BALANCE
More informationMARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2010 question paper for the guidance
More informationAssessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224)
NCEA Level 2 Accounting (90224) 2010 page 1 of 7 Assessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224) Evidence Statement ONE Part
More informationEXERCISES LESSON 3 BALANCE SHEET
DEPARTAMENTO DE CONTABILIDAD Y ECONOMÍA FINANCIERA ESCUELA UNIVERSITARIA DE ESTUDIOS EMPRESARIALES FINANCIAL ACCOUNTING (DIPLOMATURA EN CIENCIAS EMPRESARIALES, 2º CURSO, GRUPO 5) 2008-2009 EXERCISES LESSON
More informationReview of Accounting Principles
Appendix A Review of Accounting Principles Appendix A is a review of basic accounting principles and procedures. Standard accounting procedures are based on the double-entry system. This means that each
More informationPRINCIPLES OF ACCOUNTS
PRINCIPLES OF ACCOUNTS OBJECTIVE The objective of the examination is to test candidates understanding of the basic principles and methods of accounting and their application to practical situations. THE
More informationGROUP 1. BASIC FINANCING. 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock
GROUP 1. BASIC FINANCING 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock 11. RESERVES AND OTHER EQUITY INSTRUMENTS 110. Additional paid-in capital 111. Other
More informationSEC Syllabus (2015) Accounting SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS
SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING
UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS International General ertificate of Secondary Education OUNTING 0452/01 Paper 1 Multiple hoice May/June 2006 dditional Materials: Multiple hoice nswer Sheet Soft
More informationMustafa Khuwaja - CAT Finalist
1 Run through the Flashcards as often as you can during your final revision period. The day before the exam, try to go through the Flashcards again. You will be well on your way to passing your exams.
More informationGlossary of Accounting Terms Peter Baskerville
Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted
More informationMARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 11, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2010 question paper for the guidance of teachers
More informationAccounting Foundations
1 Accounting Foundations Terry Marris June 2013 7 Unsold Stock Previously we have assumed that goods purchased for resale have all been sold by the end of the financial year. We see how unsold stock affects
More informationHow To Balance Sheet
Page 1 of 6 Balance Sheet Accounts The Chart of Accounts is normally arranged or grouped by the Major Types of Accounts. The Balance Sheet Accounts (Assets, Liabilities, & Equity) are presented first,
More informationBasic Benchmarking Data Definitions
Basic Benchmarking Data Definitions INCOME STATEMENT Actual Values Description Revenue 2012-13 2011-12 Operating Revenue Commonwealth Subsidies State Grants Resident/Client Charges Bond Retentions (if
More informationSAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100
SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section
More informationNational Quali cations EXEMPLAR PAPER ONLY
H National Qualications EXEMPLAR PAPER ONLY EP01/H/01 Accounting Date Not applicable Duration 2 hours Total s 100 SECTION 1 40 s Attempt this question SECTION 2 60 s Attempt ALL questions You may use a
More informationGRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12
GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2013 MARKS: 300 TIME: 3 hours This question paper consists of 24 pages and an 18-page answer book. Accounting 2 DBE/November 2013 INSTRUCTIONS
More informationChapter 6 Statement of Cash Flows
Chapter 6 Statement of Cash Flows The Statement of Cash Flows describes the cash inflows and outflows for the firm based upon three categories of activities. Operating Activities: Generally include transactions
More informationBUSINESS BOOKS. Accounting SIXTH EDITION. Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education
BUSINESS BOOKS Accounting SIXTH EDITION Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education BARRON'S CONTENTS Preface ix 1 THE ACCOUNTING EQUATION I
More informationInterim Financial Statements
[Type text] Interim Financial Statements KCA Deutag Alpha Limited For the twelve months ended 31 December 2015 Page 1 of 11 Table of Contents Consolidated income statement... 3 Consolidated statement of
More informationThe Statement of Cash Flows Direct Method
23 The Statement of Cash Flows Direct Method DEMONSTRATION PROBLEM The financial statements of Bolero Corporation follow. Copyright Houghton Mifflin Company. All rights reserved. 1 Bolero Corporation Income
More informationAFRICA PRUDENTIAL REGISTRARS PLC UNAUDITED FINANCIAL STATEMENTS PERIOD ENDED 30 SEPTEMBER 2015
UNAUDITED FINANCIAL STATEMENTS Contents Page Consolidated Statement of Profit or Loss and other comprehensive income 1 Consolidated Statement of Financial Position 2 Consolidated Statement of Cash Flows
More informationRatios and interpretation
Unit Ratios and interpretation As we learnt in our earlier studies, accounting information is used to answer two key questions about a business: Is it making a profit? Are its assets sufficient to meet
More informationTurnover between 320,000 and 13,000,000 ( 250,000) and ( 10,000,000)
Accounts Information for General Traders Turnover between 320,000 and 13,000,000 ( 250,000) and ( 10,000,000) File Returns and Accounts Information online at www.revenue.ie Revenue On-Line Service Paper
More informationChapter. Statement of Cash Flows For Single Company
Chapter 4 Statement of Cash Flows For Single Company 4.1 Single company statement of cash flows Statement of cash flows are primary financial statements and are required along side the income statement
More informationAAT LEVEL 2 LESSON 2. Association of Accounting Technicians (AAT) Example Course Materials
LESSON 2 Double Entry Processing On completing this lesson you should be able to: Identify and explain the accounting concepts which underpin the double entry system of processing business transactions
More informationPublic Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six
Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six months ended 30 June 2015 Contents Consolidated Statement
More informationTransition to International Financial Reporting Standards
Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps
More informationACCOUNTING 1 (ACN101- M)
1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions
More informationMARK SCHEME for the May/June 2012 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June question paper for the guidance of teachers
More informationIntroduction to Accounts
Introduction to Accounts Copyright statement Sage (UK) Limited, 2012. All rights reserved We have written this guide to help you to use the software it relates to. We hope it will be read by and helpful
More information(AA11) FINANCIAL ACCOUNTING BASICS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2016 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:
More informationFinancial Statements
Financial Statements The financial information forms the basis of financial planning, analysis & decision making for an organization or an individual. Financial information is needed to predict, compare
More informationSTATE BANK OF INDIA BRANCH. Interview Form For Loans above Rs.25,000/- (To be submitted to the Sanctioning Authority along with the Application Form)
Annexure-SBF/3 STATE BANK OF INDIA BRANCH SMALL BUSINESS FINANCE Interview Form For Loans above 25,000/- (To be submitted to the Sanctioning Authority along with the Application Form) To be used for :
More informationCH 23 STATEMENT OF CASH FLOWS SELF-STUDY QUESTIONS
C H 2 3, P a g e 1 CH 23 STATEMENT OF CASH FLOWS SELF-STUDY QUESTIONS (note from Dr. N: I have deleted questions for you to omit, but did not renumber the remaining questions) 1. The primary purpose of
More informationIncome statements. Introduction. Calculating profit
Income statements 02 Introduction Generating as much profit as possible (known as profit maximization) is often seen as the main objective for many businesses. It is possible that a business has other
More informationProcess Accounts Payable and Receivable
Process Accounts Payable and Receivable UNIT PURPOSE On successful completion of this unit the learner will be able to maintain financial records of a business using both manual accounting processes and
More informationUNIVERSITY EXAMINATIONS COURSE TITLE: FINANCIAL ACCOUNTING DATE: 19/08/2010
KABARAK UNIVERSITY UNIVERSITY EXAMINATIONS /2010 ACADEMIC YEAR FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION COURSE CODE: ACCT 510 COURSE TITLE: FINANCIAL ACCOUNTING STREAM: DAY: TIME: MBA THURSDAY
More informationPART 5. External Reporting and Performance Evaluation. Statements of financial performance and position. Statement of cash flows 19
PART 5 External Reporting and Performance Evaluation Statements of financial performance and position 18 Statement of cash flows 19 Analysis and interpretation of financial statements 20 CHAPTER 18 Statements
More informationBusiness Level 3. Unit 4 Business accounting. Layout of a Balance Sheet. Task 1. Instructions and answers for Teachers
Unit 4 Business accounting Layout of a Balance Sheet Instructions and answers for Teachers These instructions should accompany the OCR resource Layout of a Balance Sheet which supports the OCR Level 3
More informationTRADING TRUST BUSINESS INFORMATION
TRADING TRUST BUSINESS INFORMATION PLEASE NOTE: The Penalties Regime came into effect on 1 April 1997. It is the taxpayer s responsibility to ensure that all information is true and correct! Has the Trust
More informationΛΥΣΕΙΣ. Branch Stock Account
ΛΥΣΕΙΣ QUESTION Exercise Branch Stock Account Selling Price Cost Price Selling Price Cost Price Stock b/d (W) 32.00 2.400 Sales Cash 5.330 5.330 Coods Sent (W2) 46.700 97.800 Sales Credit 39.560 39.560
More informationC02-Fundamentals of financial accounting
Sample Exam Paper Question 1 The difference between an income statement and an income and expenditure account is that: A. An income and expenditure account is an international term for an Income statement.
More informationMBA Financial Reporting. Financial Reporting Course Notes
MBA Financial Reporting Financial Reporting Course Notes 1. Introduction to Financial Accounting Section 1: Introduction to Financial Accounting 1.1 Bookkeeping and accounting 1.1.1 Bookkeeping 1.1.2 Accounting
More informationFinancial record keeping
Financial record keeping 01 Introduction All businesses and many other types of organization will need to keep records of any financial transactions that take place. However, it makes sense to introduce
More informationPaper 2 Accounting (Syllabus 2008)
Section A- FINANCIAL ACCOUNTING 1. Which of the following is not a Fixed Asset? (a) Building (b) Bank balance (c) Plant (d) Goodwill [Hints: (b) Fixed asset is an asset held with the intention of being
More informationVolex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.
Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc
More information110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com
(http://basiccollegeaccounting.com) Dedicated to helping Students & Teachers NOTE: 110 Questions & Answers on True Or False on Accounting Basics ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM True False 1.
More informationCOUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS
COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS Guidelines pertaining to Revised Schedule VI of Part I & II of Companies
More informationProblems on Balance Sheet of a Company as per Revised Schedule III of the Companies Act 2013
Problems on Balance Sheet of a Company as per Revised Schedule III of the Companies Act 2013 FORMAT OF BALANCE SHEET BALANCE SHEET of.company Limited as on 31 st March. Particulars Note No. Amount (Rs.)
More information