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(a) (i) Prepare an Abridged Profit & Loss account to ascertain the operating profit for the year ending 31/12/2014. (ii) Prepare the Cash Flow Statement of Quig plc for the year ending 31/12/2014, including Reconciliation statements.(b) (i) Outline th
(2015)
(a) Trading and Profit and Loss Account for the year ended 31/12/2014. (Show workings).(b) Balance Sheet as at 31/12/2014. (Show workings).(c) Explain the ‘Accruals Concept’ and why it is fundamental to Accounting practice.
(a) Prepare a cash budget for six months July to December 2016. (b) Prepare a budgeted profit and loss account for the six months ended 31/12/2016. (c) (i) What options does a business have when it has (a) a cash surplus and (b) a cash deficit? (ii) On
(a) Prepare a Manufacturing, Trading and Profit and Loss Account for the year ended 31/12/2015.(b) Prepare a Balance Sheet as at 31/12/2015.
(2016)
(a) Prepare the adjusted debtors’ ledger control account.(b) Prepare the adjusted schedule of debtors showing the original balance.(c) (i) Give two reasons for preparing debtors’ control accounts. (ii) Explain one limitation of using control accounts.
