HND商务会计OUTCOME1

RevisionQuestion 1You are the assistant accountant with CCC

plc. Your boss has asked you to prepare thedraft Trading and

Profit and Loss Account and Balance Sheet for the year ended

31 December 2004based on the following Trial

Balance.Revision£000 £000Cash300

Debtors900Creditors630Stock at 1 January2004

360Purchases1200 DistributionCosts 204Office Expenses13210

Debentures2010 960Sales2130Profit and LossAccount

at 1 January2004654Landand Buildings NBV

31/12/031500Plantand Machinery NBV 31/12/03 390Fixtureand

Fittings NBV 31/12/03 90MotorVan NBV 31/12/03 90Discount

Received132Ordinary Sharesof £1 each 540Preference

Shares5 1205166 5166Notes:1Management staff were awarded

a bonus amounting to £15000 in mid December 2004. This

bonus has not been paid yet .2Distribution costs include £9000

for a maintenance contract for motor vans which relates to the

coming year. 3Closing stock at 31 December 2004 was valued

at £174000. 4 The estimated corporation tax of £114000 will be

payable on the profits for the year. 5 The debentures interest

should be provided. Notes:6 The directors propose that a

dividend should be paid on ordinary shares of 3p per share and that the preference dividend be paid in full. 7 The directors

propose to provide for the depreciation of fixed assets for the

year as follows: Land and Buildings£30000Plant and Machinery

£24000Fixtures and Fittings £18000Motor Vans £36000Trading

and Profit and Loss Account for year ending 31 December

2004£000 £000SalesCost of goods soldOpening

stockPurchasesClosing stockGross ProfitOther IncomeDiscount

receivedExpensesAdministrationDistribution costsInterest

payableDepreciationProfit on ordinary activities before

taxationCorporation taxProfit on ordinary activities after

taxationAppropriationsPreference dividendOrdinary

dividendProfit for the yearRetained profit b/fRetained profit c/f

Trading and Profit and Loss Account for year ending

31 December 2004£000 £000Sales 2130Cost of goods

soldOpening stock 360Purchases 12001560Closing

stock 174 1386Gross Profit 744Other IncomeDiscount

received 132876ExpensesAdministration 147Distribution

costs 195Interest payable 96Depreciation 108 546Profit on

ordinary activities before taxation 330Corporation tax 114Profit

on ordinary activities after taxation

216AppropriationsPreference dividend 6Ordinary dividend 16.2

22.2Profit for the year 193.8Retained profit b/f 654Retained profit c/f 847.8Explainations:1Management staff were awarded

a bonus amounting to £15000 in mid December 2004. This

bonus has not been paid yet .Administration

expenses13215147Accruals15 Balance Sheet –B/S2Distribution

costs include £9000 for a maintenance contract for motor vans

which relates to the coming year. Distribution

costs204-9195Prepaments9 Balance Sheet –B/S3Closing stock

at 31 December 2004 was valued at £174000. 4 The estimated

corporation tax of £114000 will be payable on the profits for the

year. 5 The debentures interest should be provided. Interest

960X1096Explainations:6 The directors propose that a dividend

should be paid on ordinary shares of 3p per share and that the

preference dividend be paid in full. Preference dividend

£120X56Ordinary dividend £0.03X54016.27 The directors

propose to provide for the depreciation of fixed assets for the

year as follows: Land and Buildings £30000Plant and

Machinery £24000Fixtures and Fittings £18000Motor Vans

£36000Depreciation expense108Fixed assetsbalance

sheetNBV-Depreciation expenseEg. Vans 90-3654CCC plc

Balance Sheet as at 31 December 2004£000 £000 £000Fixed

AssetsLand and Buildings 1470Plant and Machinery

366Fixtures and Fittings 72Motor Vans 541962Current AssetsCash 300Debtors 900Stock 174 Prepayments

9 1383Creditors: amounts falling due within 1yearCurrent

LiabilitiesCreditors 630Accruals 15Corporation tax

due 114Interest due 96Dividends due 22.2 877.2Net Current

Assets 505.8Total Assets less Current Liabilities

2467.8Creditors: amounts falling due after more

than1 yearDebentures 960Net Assets 1507.8Capital and

ReservesOrdinary share capital 540Preference share

capital 120Profit and Loss account

847.81507.8RevisionQuestion 2DDD plc is a major sports

equipment manufacturer have recently developed a new

product.The management are now considering a limited launch

of the new product over a six month period. As the project

manager for the development of the new product you have

compiled and collated the following sales and cost information

for the review period. 1Expected sales are: Month Number of

product Jan 80Feb 80Mar 104Apr 120May 140Jun 160Projected

selling price £40All sales are expected to be on credit and