Prepare a statement of financial position as at that date.
【参考答案及解析】
MR YOUSEF STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 20X6 Accumulated Carrying Cost depreciation value $ $ $ Non-current assets Equipment 58,000 27,700 30,300 Current assets Inventory 13,551 Receivables 12,120 Less allowance for receivables 170 11,950 Prepayment 880 Cash 177 Bank 1,002 27,560 57,860 Capital At 1 June 20X5 53,091 Profit for year 5,888 58,979 Drawings (7,800) At 31 May 20X6 51,179 Current liabilities Payables 6,471 Accrual 210 6,681 57,860 Workings 1 Purchases $ Per trial balance 82,350 Add carriage inwards 2,211 Per statement of profit or loss 84,561 2 Carriage out = $5,144 - $2,211 = $2,933. 3 Rent, rates and insurance $ Per trial balance 6,622 Add rent accrual 210 Less insurance prepayment (880) Per statement of profit or loss 5,952 4 Depreciation charge = 15% x $58,000 = $8,700
MR YOUSEF STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 20X6 Accumulated Carrying Cost depreciation value $ $ $ Non-current assets Equipment 58,000 27,700 30,300 Current assets Inventory 13,551 Receivables 12,120 Less allowance for receivables 170 11,950 Prepayment 880 Cash 177 Bank 1,002 27,560 57,860 Capital At 1 June 20X5 53,091 Profit for year 5,888 58,979 Drawings (7,800) At 31 May 20X6 51,179 Current liabilities Payables 6,471 Accrual 210 6,681 57,860 Workings 1 Purchases $ Per trial balance 82,350 Add carriage inwards 2,211 Per statement of profit or loss 84,561 2 Carriage out = $5,144 - $2,211 = $2,933. 3 Rent, rates and insurance $ Per trial balance 6,622 Add rent accrual 210 Less insurance prepayment (880) Per statement of profit or loss 5,952 4 Depreciation charge = 15% x $58,000 = $8,700