Accounting Chapter 2 Amount Spent Undertaking Market Research Determine The

subject Type Homework Help
subject Pages 9
subject Words 1334
subject Authors Pauline Weetman

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Self-test
(Text book contains questions A2.1 to A2.22)
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Financial Accounting
The following is a list of items that may appear in the annual financial statements of a
manufacturing company:
Cost of sales
Inventory (stock) of raw materials
Trade payables (creditors)
Preference share capital
Plant and equipment
Wages paid
Electricity charges unpaid at the date of the financial statements
Cash
Motor vehicles
Bank overdraft
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Financial Accounting
The following is a list of items which may appear in the annual financial statements of a
manufacturing company:
Depreciation charge
Work in progress
Trade receivables (debtors)
Ordinary share capital
Buildings
Administrative expenses
Rent unpaid at the date of the financial statements
Prepaid insurance at the date of the financial statements
Office furniture
Sales
Application
(Text book contains questions B2.1 to B2.3)
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Financial Accounting
Problem solving and evaluation
(Text book contains question C2.1)
Assets and liabilities at 30 September Year 8
£
Revenue and expenses for the year ended 30 September Year 8
£
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Financial Accounting
Craigielaw plc
Making use of the Report and Accounts of Craigielaw plc, answer the following questions.
(Page numbers refer to the Report and Accounts of Craigielaw.)
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Self-test
Text book contains solutions to A2.1 to A2.22
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Financial Accounting
For A2.27 and A2.28
Classification for the answer
Cost of sales Expense
For A2.29 and A2.30
Classification for the answer
Depreciation charge Expense
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Financial Accounting
Application
Text book contains solutions to B2.1 to B2.3
B2.4
Description Classify as Recognition test
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Financial Accounting
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Financial Accounting
Problem solving and evaluation
C2.1 Accounting equation:
Assets minus Liabilities equals Ownership interest
At 31 December Year 4
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Financial Accounting
C2.3 (a) Ownership interest at 30 September Year 8:
C2.3 (b) Profit for year:
Revenue Expenses
= Profit
C2.3 (c)
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Financial Accounting
Real-world case
Self-test
Craigielaw plc

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