Reference no: EM133109742

Question - kYU Ltd provides you with the following trial balance as at 31/8/200. Figures shs "000"

Share capital		8,000
Stock	8,200
Premises at cost	10,500
Furniture and equipment	4,000
Accrual depreciation furniture		800
Long term loans		6,000
Retained earnings		2,600
Debtors (receivable)	3,200
Creditors (payable)		4,900
Cash in hand	600
Bank		1,600
Sales		48,500
Purchases	35,000
Wages and salaries of employees	5,200
Directors salary	1,900
Other selling and distribution expanses	1,300
Other administration expanses	1,400
Bank and loans interest	800
Interim dividend	300
	72,400	72,400

Additional information as at 31/8/2001. In "000"

1. The closing stock amounted to shs 10,200

2. Shs 300 administrative expanses apply to the next accounting period.

3. Furniture and equipment are depreciated at 10% of cost.

4. An accrual of 600 is required in selling and distribution.

5. Corporate tax is provided at 30% profit after interest.

6. Transfer shs 200 to general reserve.

7. A final dividend of shs 700 should be provided for.

Required -

1. Make a statement of financial position as at 31/8/2001.

2. Make a statement of comprehensive income for the year ending 31/8/2001.

3. Make a statement of charge in Equity.