HND商务会计.pptVIP

* Revision Question 1 You are the assistant accountant with CCC plc. Your boss has asked you to prepare the draft Trading and Profit and Loss Account , and Balance Sheet for the year ended 31 December 2004,based on the following Trial Balance. Revision ￡000 ￡000 Cash 300 Debtors 900 Creditors 630 Stock at 1 January 2004 360 Purchases 1,200 Distribution Costs 204 Office Expenses 132 10% Debentures (2010) 960 Sales 2,130 Profit and Loss Account at 1 January 2004 654 Land and Buildings (NBV @ 31/12/03) 1,500 Plant and Machinery (NBV @ 31/12/03) 390 Fixture and Fittings (NBV @ 31/12/03) 90 Motor Van (NBV @ 31/12/03) 90 Discount Received 132 Ordinary Shares of ￡1 each 540 Preference Shares 5% 120 5,166 5,166 Notes: 1 Management staff were awarded a bonus amounting to ￡15,000 in mid December 2004. This bonus has not been paid yet . 2 Distribution costs include ￡9,000 for a maintenance contract for motor vans which relates to the coming year. 3 Closing stock at 31 December 2004 was valued at ￡174,000. 4 The estimated corporation tax of ￡114,000 will be payable on the profits for the year. 5 The debentures interest should be provided. Notes: 6 The directors propose that a dividend should be paid on ordinary shares of 3p per share, and that the preference dividend be paid in full. 7 The directors propose to provide for the depreciation of fixed assets for the year as follows: Land and Buildings ￡30,000Plant and Machinery ￡24,000Fixtures and Fittings ￡18,000Motor Vans ￡36,000 Trading