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Self-test
(Text book contains questions A6.1 to A6.5)
Financial Accounting
Transaction or event Asset Ownership interest
Financial Accounting
A manufacturing company has carried out the following business transactions:
Financial Accounting
Stage Transaction or event Assets Ownership interest
Cash at
bank
Receivables Raw
material.
Inventory
(stock)
Work in
progress
Finished
goods
Revenue
+
Expenses
Financial Accounting
Financial Accounting
Financial Accounting
Applications
(Text book contains questions B6.1 to B6.4)
May £000s
Financial Accounting
Date Transaction or event Assets Liabilities Ownership interest
Cash
at
bank
Trade
receivables
(debtors)
Raw
materials
inventory
(stock)
Work in
progress
Finished
goods
Trade
payables
(creditors)
Revenue Expenses
Financial Accounting
Date Business transactions and events (wholesale trader) Amount
Financial Accounting
Assets Liabilities Ownership interest
Date Business transactions and events Cash at
bank
Trade
receivables
(debtors)
Fixed
assets
Inventory
(stock of
goods)
Trade
payable
(creditor)
Capital
contributed
or
withdrawn
Revenue Expenses
Financial Accounting
Financial Accounting
Problem solving and evaluation
Non-current (fixed) assets Cost
£
Depreciation
£
NBV
£
Current assets
Current liabilities
Non-current liabilities
Financial Accounting
Premises Equip Inventory
(stock)
Receivables Bank Payables Sec loan Capital Ret prof Revenue Expenses
Financial Accounting
£
Financial Accounting
Premises Inventory
(stock)
Receivables Bank/cash Payable LT loan Mort Capital Revenue Expenses
Self-test
Text book contains solutions to A6.1 to A6.5
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
Applications
Text book contains solutions to B6.1 to B6.4
Financial Accounting
B6.5 (c)
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
(iii) Statement of financial position (balance sheet) at 30 November Year xx
Financial Accounting
Problem solving and evaluation
C6.1
Financial Accounting
Profit and loss account
Statement of financial position (balance sheet)
Non-current (fixed) assets
Financial Accounting
C6.2
Financial Accounting
Brian Grant
Profit and Loss Account for year ending 30 June Year xx01
£ £
Brian Grant
Statement of financial position (balance sheet) as at 30 June Year xx01
Non-current (fixed) asset Cost Depn Net
£ £ £
Financial Accounting
Real-world case
Self-test: Supplement
S6.1
L1 CASH
Date Particulars P Debit Credit Balance
Financial Accounting
L4 EQUIPMENT
Financial Accounting
