HND商务会计OUTCOME1.doc

RevisionQuestion?1You are the assistant accountant with CCC plc. Your boss has asked you to prepare thedraft Trading and Profit and Loss Account and Balance Sheet for the year ended 31?December 2004based on the following Trial Balance.Revision￡000 ￡000Cash300 Debtors900Creditors630Stock at?1?January2004 360Purchases1200 DistributionCosts 204Office Expenses13210 Debentures2010 960Sales2130Profit and LossAccount at?1?January2004654Landand Buildings NBV 31/12/031500Plantand Machinery NBV 31/12/03 390Fixtureand Fittings NBV 31/12/03 90MotorVan NBV 31/12/03 90Discount Received132Ordinary Sharesof ￡1?each 540Preference Shares5?1205166 5166Notes:1Management staff were awarded a bonus amounting to ￡15000 in mid December 2004. This bonus has not been paid yet .2Distribution costs include ￡9000 for a maintenance contract for motor vans which relates to the coming year. 3Closing stock at 31?December 2004 was valued at ￡174000. 4 The estimated corporation tax of ￡114000 will be payable on the profits for the year. 5 The debentures interest should be provided. Notes:6 The directors propose that a dividend should be paid on ordinary shares of 3p per share and that the preference dividend be paid in full. 7 The directors propose to provide for the depreciation of fixed assets for the year as follows: Land and Buildings￡30000Plant and Machinery ￡24000Fixtures and Fittings ￡18000Motor Vans ￡36000Trading and Profit and Loss Account for year ending 31?December 2004￡000 ￡000SalesCost of goods soldOpening stockPurchasesClosing stockGross ProfitOther IncomeDiscount receivedExpensesAdministrationDistribution costsInterest payableDepreciationProfit on ordinary activities before taxationCorporation taxProfit on ordinary activities after taxationAppropriationsPreference dividendOrdinary dividendProfit for the yearRetained profit b/fRetained profit c/f Trading and Profit and Loss Account for year ending 31?December 2004￡000 ￡000Sales 2130Cost of goods soldOpening stock 360Purchases