Financial Accounting
Statement of changes in equity
Financial Accounting
Questions:
Financial Accounting
Financial Accounting
Capitalisation issue (Bonus issue or Scrip
issue)
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
Financial Accounting
Office Owner Ltd  Capitalisation issue in January Year 2
Date Transaction
or event
Cash Office
block
Share
capital
Share
premium
Retained
earnings
Revaln
reserve
Financial Accounting
rights issue
Financial Accounting
Financial Accounting
(a) At the end of the month it is found that
the roof has been leaking and rainwater
has damaged goods worth £500.
Financial Accounting
(b) The business uses gas to heat a water
boiler and it is estimated that
consumption for the month amounts to
£80.
Financial Accounting
Trial balance of M Carter at the end of May, before month-end adjustments
Ledger account title Trial balance Adjustments Income statement
(profit and loss
account)
Statement of
financial position
(balance sheet)
Dr Cr Dr Cr Expense Revenue A L + C
£
£
£
£
£
£
£
£
Financial Accounting
Income statement (profit and loss account)
(adjusted) for the month of May Year 20xx
Financial Accounting
Statement of financial position (balance sheet)
(adjusted) at 31 May Year 20xx
Acc Eqn
Fixed assets
Total assets