Doyle runs a business as a plumber and supplier of spare

Assignment Help Cost Accounting

Reference no: EM13379733

Doyle runs a business as a plumber and supplier of spare parts to contractors. The trial balance, and additional information, of the business as on 30 September 2013 is provided n Appendix 1.

Required:

a) Using ONLY the data provided in the initial Trial Balance, prepare an income statement for the year ended 30 September and a balance sheet as at that date for Doyle.

b) In a second set of accounts, update the income statement and balance sheet showing the effect of the further information. Workings must be clearly noted in the revised accounts and using supporting notes/calculations.

c) Discuss, with reasons, which accounting concepts and conventions you have used in the preparation of the financial statements. Your discussion should be 600 words. Each item requires a clear reference.

Reference no: EM13379733

Questions Cloud

Polk company builds custom fishing lures for sporting goods : polk company builds custom fishing lures for sporting goods stores. in its first year of operations 2012 the company

The spivak company was involved in the following treasury : the spivak company was involved in the following treasury stock transactions during 2011a. purchased 80000 shares of

A manufacturing company was to purchase various : a manufacturing company was to purchase various capitalizable spare partssome of which could be very expensive for its

1using the fasb codification login information provided : 1.using the fasb codification login information provided research the following. for each identify the topic subtopic

Doyle runs a business as a plumber and supplier of spare : doyle runs a business as a plumber and supplier of spare parts to contractors. the trial balance and additional

Write a 7 - 8 page double spaced paper answering and : write a 7 - 8 page double spaced paper answering and demonstrating with calculations and financial data the following

You are a audit partner with feeble and stressed cpas one : you are a audit partner with feeble and stressed cpas. one of your audit clients is greasy oil inc. the company is a

Horizontal analysis trend analysis percentages for spartan : horizontal analysis trend analysis percentages for spartan companys sales cost of goods sold ad expenses are listed

Select a public university system and review the financial : select a public university system and review the financial statements and audit report for the system.write a three to

User Account

All Pages