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(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 what is meant by: (i) Error of Commission; (ii) Error of Princ
(2008)
(i) Separate production overheads into fixed and variable elements. (ii) Separate other overhead costs into fixed and variable elements. (iii) Prepare a Flexible Budget for 95% Activity Level using Marginal costing principles, and show the contributi
(a) Production Budget (in units). (b) Raw Materials Purchases Budget (in units and €). (c) Production Cost/Manufacturing Budget. (d) Budgeted Trading Account (if the budgeted cost of a unit of Super and Supreme is €180 and €210 respectively). (e) (i)
(a) Trading and Profit and Loss Account for the year ended 31/12/2009.(b) Balance Sheet as at 31/12/2009.
(2010)
(a) Prepare the Cash Flow Statement of Norris plc for the year ended 31/12/2009 including Reconciliation Statements.(b) (i) Outline the benefits of preparing a Cash Flow Statement. (ii) Distinguish between a cash expense and a non cash expense.
