材料全屏 The following information has been extracted from the books of Tonson, a limited liability company, as at 31 October 20X6. Dr Cr $'000 $'000 Cash 15 Insurance 75 Inventory at 1 November 20X5 350 General expenses 60 Energy expenses 66 Marketing expenses 50 Wages and salaries 675 Discounts received 50 Share premium account 200 Retained earnings at 1 November 20X5 315 Allowance for receivables at 1 November 20X5 40 Sales revenue 5,780 Telephone expenses 80 Property expenses 100 Bank 94 Returns inward 95 Trade payables 290 Loan note interest 33 Trade receivables 900 Purchases 3,570 7% loan notes 470 Irrecoverable debts 150 $1 ordinary shares 1,800 Accumulated depreciation at 1 November 20X5 Buildings 360 Motor Vehicles 80 Furniture and equipment 420 Land at cost 740 Buildings at cost 1,500 Motor vehicles at cost 240 Furniture and equipment at cost 1,200 9,899 9,899 You have also been provided with the following information: (a) Inventory at 31 October 20X6 was valued at $275,000 based on its original cost. However, $45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in November 20X6 for a cash price of $20,000. (b) The marketing expenses include $5,000 which relates to November 20X6. (c) The allowance for receivables is to be increased to the equivalent of 5% of trade receivables. (d) There are wages and salaries outstanding of $40,000 for the year ended 31 October 20X6. (e) Buildings are depreciated at 5% of cost. At 31 October 20X6 the buildings were professionally valued at $1,800,000 and the directors wish this valuation to be incorporated into the financial statements. (f) Depreciation is to be charged as follows: (i) Motor vehicles at 20% of carrying amount (ii) Furniture and equipment at 20% of cost (g) No dividends have been paid or declared. (h) Tax of $150,000 is to be provided for the year. (i) During October 20X6 a bonus issue of one for ten shares was made to ordinary shareholders. This has not been entered into the books. The share premium account was used for this purpose. 62 【论述题】 The statement of profit or loss for the year ended 31 October 20X6
【参考答案及解析】
TONSON STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 OCTOBER 20X6 $'000 $'000 Sales revenue 5,780 Less returns inward (95) 5,685 Cost of sales (W1) (3,670) 2,015 Discounts received 50 Gross profit 2,065 Expenses Insurance 75 General expenses 60 Energy expenses 66 Marketing expenses (50 - 5) 45 Wages and salaries (675 + 40) 715 Telephone expenses 80 Property expenses 100 Debenture interest 33 Irrecoverable debt expense (W2) 155 Depreciation (W3) 347 (1,676) Net profit before taxation 389 Taxation (150) Profit for the year 239
TONSON STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 OCTOBER 20X6 $'000 $'000 Sales revenue 5,780 Less returns inward (95) 5,685 Cost of sales (W1) (3,670) 2,015 Discounts received 50 Gross profit 2,065 Expenses Insurance 75 General expenses 60 Energy expenses 66 Marketing expenses (50 - 5) 45 Wages and salaries (675 + 40) 715 Telephone expenses 80 Property expenses 100 Debenture interest 33 Irrecoverable debt expense (W2) 155 Depreciation (W3) 347 (1,676) Net profit before taxation 389 Taxation (150) Profit for the year 239