Following are the extracts from the Trial Balance of a firm as on 31st March 20X7 Dr Sundry Debtors Provision for Doubtful Debts Provision for Discount on Debtors Bad Debts Discount Additional Information: 1) Additional Bad Debts required Rs.4‚000 2) Additional Discount allowed to Debtors Rs.1‚000 3) Maintain a provision for bad debts @ 10% on debtors 4) Maintain a provision for discount @ 2% on debtors 3‚000 1‚000 2‚05‚000 Cr 10‚000 1‚800 Required: Pass the necessary journal entries and show
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LCCI International Qualifications Book-keeping & Accounts Level 2 Model Answers Series 3 2009 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book-keeping & Accounts Level 2 Series 3 2009 How to use this booklet Model Answers have been developed by EDI to offer additional information and guidance to Centres‚ teachers and candidates as they prepare for LCCI International Qualifications. The contents of this
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amount of money flowing into and out of a business over a period of time. Cash inflows are the receipts of cash‚ typically arising from sales of items‚ payment of debtors‚ loan received‚ rent charged‚ sale of assets and interest received. Cash outflows are payment of cash‚ typically arising from the purchase of items‚ payment to creditors‚ loans repaid or given‚ rental payment‚ purchase of assets and interest payments. Net Cash flow is the sum of cash inflows to an organisation minus the sum of cash
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會計科 會計科 顧問老師﹕英皇教育會計科導師冼鎮中 題一. 題一. 陳彼德獨資經營電子產品業務。陳先生收到的銀行月單上列示 2009 年 9 月 30 日貸方餘額為 $170‚000。但銀行月結單上顯示的銀行存款餘額與現金簿上顯示的銀行存款餘額不同。 經核對現金簿銀行欄及銀行月結單後，發現以下事項: (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 銀行已借記利息$8‚500，但現金簿未作記錄。 總額$100‚000 的已發出支票仍未向銀行兌現。 透過銀行自動轉帳繳交電費$720，但現金簿未作記錄。 銀行仍未記錄的存款總額為$124‚780。 向銀行存入一張從某客戶收到的支票$5‚830，但銀行以｢存款不足｣為理由退回該支票。 某客戶指示銀行以貸項轉帳清還貨欠$4‚600。 現金簿仍未記錄的銀行手續費為$25。 現金簿的承上餘額少計$510。 作業要求： (a) 編制 2009 年 9 月份的現金簿（僅銀行存款欄） ，列示需作出的調整；及(10 分) (b) 編制 2009 年 9 月 30
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Return on Shareholder’s Funds - % 84 49.8 28.8 Earnings per share - £ 10.5 10.2 6.83 Dividends per share - £ 3 2.2 1 Current ratio 1.89 2.15 2.32 Quick ratio ( Acid test) 0.84 0.95 1.18 Stock turnover time - days 178 167.9 175.5 Debtor payment time - days 36.5 36.5 45.6 Creditor payment time - days 169.1 146.0 154.4 Gearing 39% 30.5% 25.9% Memo : Year end capital employed £205m £295m £385m 2) Conclusions : Although sales have increased by 12% from 2009 to 2011 ( £60m /£500m) ‚ gross margins
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Cost of Goods Sold | 57‚000 | 32‚500 | Debtors | 7‚200 | 3‚000 | Inventories | 11‚400 | 5‚500 | Cash | 1‚500 | 800 | Other Current Assets | 4‚000 | 2‚700 | Current Liabilities | 16‚000 | 11‚000 | Compute the current ratio‚ quick ratio‚ and average debt collection period and inventory turnover for 2009 and 2010- State whether there is a favorable or unfavorable change in liquidity from 2009 to 2010. At the beginning of 2009‚ the company had debtors of Rs.2500 and inventory of Rs.3000.
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304.0 Total Fixed Assets 11503.0 10038.0 Current assets Stock 929.0 838.0 Debtors due within one year 454.0 322.0 Short-term investments 225.0 255.0 Cash at bank and in hand 445.0 279.0 Total Current Assets 2053.0 1694.0 Creditors: Amounts falling due within one year -4809.0 -4389.0 Net Current Assets (liabilities) -2756.0 -2695.0 Total assets less current liabilities 8747.0 7343.0 Creditors: Amounts falling due after more than one year -2741.0 -1927.0 Provisions for
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Budgets QUESTION 2: 30 marks; 20 minutes The topic of the question: Learning outcomes covered: LO1 Financial accounting AS4 Reconciliation and interpretation LO3 Managing resources AS5 Code of ethics AS6 Apply internal control and audit processes Debtors’ Reconciliation and Internal Control QUESTION 3: 50 marks; 30 minutes The topic of the question: Learning outcomes covered: LO2 Managerial accounting AS2 Production Cost Statement AS2 Income Statement AS2 Unit costs and break even LO3 Managing
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About the Companies 1.1 Cerebos Pacific Limited (CPL) Cerebos Pacific Limited (CPL) is a manufacturer and distributor of health supplements‚ Asian and Western food‚ and beverages to market throughout Asia and Australasia. The company’s products include its flagship BRAND’S chicken essence‚ other health supplements‚ coffee‚ sauces‚ canned products and desserts. BRAND’S® will celebrate its 175th Anniversary in 2010‚ with significant milestones underlined by the opening of new state-of-the-art manufacturing
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Assignment Acknowledgement Sheet Module Title: Module Instructor : Semester: Programme: Module Leader: ECM05EKM – Financial Analysis for Managers Samatha Ravu Summer 2012 MBA-IT Samatha Ravu Intended Module Learning Outcomes Name of Student Due Date: Submitted on: Submitted to: Signature: Name and ID Fatima Hassan Al.Lawati PG11f1189 12 September 2012 through Moodle 12 September 2012 Through Moodle Signature 1 Table of Contents 1.0 2.0 Introduction ...................
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