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(a) Prepare a cash budget for six months July to December 2011. (b) Prepare a budgeted profit and loss account for the six months ended 31/12/2011. (c) What is an adverse variance? State why adverse variances may arise in direct material costs.
(2010)
(a) Manufacturing, Trading and Profit and Loss Account for the year ended 31/12/2010. (b) Balance Sheet as at 31/12/2010.
(2011)
(a) Prepare the Adjusted Debtors Ledger Control Account.(b) Prepare the Adjusted Schedule (List) of Debtors showing the original balance.(c) (i) Which books of first entry are used in the production of Debtors Control Accounts? (ii) Explain the importan
(a) Prepare the Published Profit and Loss account for the year 31/12/2010, in accordance with the Companies Acts and appropriate accounting standards, showing the following notes: 1. Accounting policy note for tangible fixed assets and stock 2. Operati
(a) Prepare a Statement/Balance Sheet showing O’Hagan’s profit or loss for the year ended 31/12/2010. (Show your workings).
