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(a) Prepare the relevant ledger accounts in respect of the above transactions for the years ended 31 December 2002 to 31 December 2006. (Bank Account and Profit and Loss Account not required).(b) Show relevant extract from Balance Sheet as at 31/12/20
(2007)
Record on a tabular statement the effect each of the above transactions had on the relevant asset and liability and ascertain the total assets and liabilities on 31/12/2006.
(a) (i) The Cash Purchases if the period of credit received from Trade Creditors is 2.4 months. (ii) The Interest Cover. (iii) The Dividend Yield. (iv) How long it would take one Ordinary share to recover its value at present pay out rate. (v) The
(a) Calculate the company’s reserves on 1/1/2006.(b) Calculate the Profit/Loss from the shop for the year ended 31/12/2006.(c) Prepare a Profit and Loss account for the year ended 31/12/2006.(d) Prepare a Balance Sheet on 31/12/2006.
(a) Prepare with workings the Trading and Profit and Loss Accounts for the year ended 31/12/2006.(b) Show the Balance Sheet with workings as at 31/12/2006.(c) (i) Explain the term Accounting Concept? (ii) Name TWO fundamental accounting concepts. (iii
