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(a) Prepare a production budget (in units). (b) Prepare a raw materials purchases budget (in units and €). (c) Prepare a production cost/manufacturing budget. (d) Prepare a budgeted trading account (you are required to calculate the unit cost of budgeted
(2017)
(a) Prepare a manufacturing, trading and profit and loss account for the year ended 31/12/2017. (b) Prepare a balance sheet as at 31/12/2017.
(2018)
(a) The vehicles account. (b) The provision for depreciation account. (c) The vehicles disposal account. (d) (i) Explain what is meant by ‘depreciation’. (ii) Distinguish between the straight line method and reducing balance method of depreciation.
(a) Prepare the trading, profit and loss account, for the year ended 31/12/2017. Show your workings. (b) (i) Explain why Walsh should keep records of the amounts taken out as drawings. (ii) Explain the importance of double entry bookkeeping for Walsh.
(a) Prepare an income and expenditure/profit and loss account for the year ended 31/12/2017. (b) Prepare a balance sheet as at 31/12/2017. (c) Dr. Noctor is considering updating the IT system and requires a loan of €150,000. Outline the factors a lende
