Question 3 36.3 A balance sheet for Cuomo Ltd is to be drawn up from the following information as at 30 September 2020: £ Issued share capital: ordinary shares £1 each Authorised share capital: ordinary shares of £1 each 3.75% loan notes (repayable 30 September 2025) Buildings at cost Motor vehicles at cost 85,000 1,000,000 75,000 730,000 148,000 254,000 Plant & equipment at cost 1 Question 3 Retained profits Share premium account Inventory Accounts receivable General reserve 487,400 115,000 81,800 102,000 90,000 97,300 127,000 87,000 117,000 Accounts payable Accumulated depreciation: Buildings Motor vehicles Plant & equipment Bank (balancing figure for you to ascertain) Corporation tax payable 49,100

Question 3 36.3 A balance sheet for Cuomo Ltd is to be drawn up from the following information as at 30 September 2020: £ Issued share capital: ordinary shares £1 each Authorised share capital: ordinary shares of £1 each 3.75% loan notes (repayable 30 September 2025) Buildings at cost Motor vehicles at cost 85,000 1,000,000 75,000 730,000 148,000 254,000 Plant & equipment at cost 1 Question 3 Retained profits Share premium account Inventory Accounts receivable General reserve 487,400 115,000 81,800 102,000 90,000 97,300 127,000 87,000 117,000 Accounts payable Accumulated depreciation: Buildings Motor vehicles Plant & equipment Bank (balancing figure for you to ascertain) Corporation tax payable 49,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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