Question
Based on the relationships in the Income statement and Statement of FinancialPosition, determine the missing figures for each of the 3 companies. AMT LTD GRANTLTD
Based on the relationships in the Income statement and Statement of FinancialPosition, determine the missing figures for each of the 3 companies.
AMT LTD
GRANTLTD
NATLEU LTD
Year end31/12/201731/12/201931/12/2018GH GH GH
DEBTORS25,000Q13
40,000
COST OF SALESQ1Q14
324,000
OTHER INCOME4,000Q15
12,000
LONG TERM INVESTMENTQ2
30,000Q25
EQUITY72,000Q16
280,000
TOTAL ASSETSQ3
130,000Q26
BANK4,000
8,000
12,000
FIXED ASSETS (ACCUMULATED DEP)40,000Q17
168,000
FIXED ASSETS (COST)Q4
200,000
420,000
FIXED ASSETS (NET BOOK VALUE)80,000Q18Q27
GROSS PROFITQ5
200,000Q28
CURRENT ASSETS36,000Q19Q29
RETAINED EARNINGSQ6
25,000
80,000
EXPENSESQ7
20,000
93,000
SHORT TERM INVESTMENTQ8
10,000
35,000
MARK UP % ON COSTQ9Q20Q30
NET PROFIT88,000Q21Q31 NET PROFIT TO SALES RATIO17.60%23.50%Q32
NON CURRENT ASSETQ10
80,000Q33
LONG TERM LIABILITIESQ11
45,000
154,000
SALESQ12Q22Q34
9
STATED CAPITAL58,000Q23Q35
CLOSING STOCKS5,000
12,000
15,000
GROSS PROFIT % OF SALES20%25.00%40.00% TOTAL EQUITY AND LIABILITIES126,000Q24Q36
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Financial Statement Fraud Prevention And Detection
Authors: Zabihollah Rezaee, Richard Riley
2nd Edition
0470543205, 9780470543207
