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(a) Prepare the Cash Flow Statement of Butler Plc for the year ended 31/12/2005 including Reconciliation Statement(s).(b) Explain why Cash Flow Statements are prepared.(c) Identify a Non Cash expense and a Non Cash gain.
(2006)
(a) Prepare the published profit and loss account for the year ended 31/12/2005, in accordance with the Companies Acts and appropriate reporting standards, showing the following notes: 1. Tangible fixed assets. 2. Stock. 3. Dividends. 4. Operating p
The following figures have been taken from the final accounts of Sawgrass Plc., a manufacturer in the dairy industry, for the year ended 31/12/2005.
Record on a tabular statement the effect each of the above transactions had on the relevant asset, liability and capital accounts and ascertain the total assets and liabilities on 31/12/2005.
(a) Journalise the necessary corrections.(b) Show the Suspense Account.(c) Prepare a Statement showing the correct net profit.(d) Prepare a corrected Balance Sheet.(e) Explain with examples the difference between ‘error of commission’ and ‘error of prin
