BELOW IS AN OUTLINE FOR THE COMPANY ACCOUNT FOR THE INCOME STATEMENT (TP & L ) AND STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) :

TCI LOTTO Limited's Authorised Share Capital includes: 1.000 000 ordinary shares at $4 each 600 000 8% preference shares at $6 each At the end of the year ending November 30, 2018, the following information was extracted from the books of the company: Issued share capital: 800 000 Ordinary Shares @ $4 3 200 000 400 000 8% Preference Shares @$6 2 400 000 10% Loan 800 000 80 000 Interest on Loan Provision for Depreciation 378 000 Bad Debt 72 000 Office Equipment 3 000 000 Motor Vehicles 900 000 Debtors 1 600 000 Creditors 800 000 Bank 3 174 000 1 340 000 Wages and Salaries Wages and Salaries Accrued 128 000 530 000 Rent Rent paid Prepaid 170 000 600 000 Inventory Telephone 100 000 Telephone Prepaid 20 000 Bad Debt Recovered 18 000 Electricity 300 000 Cost of Sales 4 400 000 Depreciation 182 000 Commission Received 240 000 Dividend Paid- Ordinary Shares 260 000 Sales 8 000 000 N.B. Dividends on Preference Shares was paid in full Prepare Do It Centre Limited's: Income Statement; (10 marks) i ii Appropriation Account (5 marks) Statement of Financial Position (10 marks) iii XXYZ LTD Trading, Profit and Loss Account for the year ended June xxxxx Sales XXXXX Less Cost of Sales Opening Stock XXXXX Add/ Purchases XXXXXX Cost of Goods Available XXXXXX (XX) Less/Closing Stock (x) Gross Profit XXXXXX Add revenue: eg. Discount received/reduction in provision XXXXX XXXX Less Expenses: Motor Expenses XXXXX Repairs to machinery XXX Wages XXXXX Increase in Provision for Bad Debt XXXX Director's Remuneration XXxxx Depreciation: () XXxx Net Profit before interest and tax XXXX Less Debenture interest X$xx Net Profit before Tax XXXXX () Less Corporation Tax Net Profit after interest and tax XXXXX 213 words Less Appropriation: Add Retain profits B/F XXXXX XX Less Transfer to General Reserve XXXX Ordinary Dividend (XX) XXXXX Profit and loss C/F XXXXX XYZ LTD Balance Sheet as at xxXxx Fixed Assets Cost Prov for Depr NBV Equipment XXX XXXX XXXX Motor Vehicle XXX XXXX XXXXX XX XXXX XXXX Current Assets Stock XXX Debtors XXXX Bank XXXX XXXX Less Current Liabilities: Creditors XXXXX Accruals XX Corporation tax owing XXXX Debenture interest owing XXXX Proposed Dividend (XX) XXXX Working Capital XXXXX XX Less: Long term Liability Debenture () XXXX Financed By: Autborized and Issued Share Capital XXXX Reserves: General Reserves XXXX Foreign Exchange reserves XXXX Profit and Loss C/F XXXXX XXXXX TCI LOTTO Limited's Authorised Share Capital includes: 1.000 000 ordinary shares at $4 each 600 000 8% preference shares at $6 each At the end of the year ending November 30, 2018, the following information was extracted from the books of the company: Issued share capital: 800 000 Ordinary Shares @ $4 3 200 000 400 000 8% Preference Shares @$6 2 400 000 10% Loan 800 000 80 000 Interest on Loan Provision for Depreciation 378 000 Bad Debt 72 000 Office Equipment 3 000 000 Motor Vehicles 900 000 Debtors 1 600 000 Creditors 800 000 Bank 3 174 000 1 340 000 Wages and Salaries Wages and Salaries Accrued 128 000 530 000 Rent Rent paid Prepaid 170 000 600 000 Inventory Telephone 100 000 Telephone Prepaid 20 000 Bad Debt Recovered 18 000 Electricity 300 000 Cost of Sales 4 400 000 Depreciation 182 000 Commission Received 240 000 Dividend Paid- Ordinary Shares 260 000 Sales 8 000 000 N.B. Dividends on Preference Shares was paid in full Prepare Do It Centre Limited's: Income Statement; (10 marks) i ii Appropriation Account (5 marks) Statement of Financial Position (10 marks) iii XXYZ LTD Trading, Profit and Loss Account for the year ended June xxxxx Sales XXXXX Less Cost of Sales Opening Stock XXXXX Add/ Purchases XXXXXX Cost of Goods Available XXXXXX (XX) Less/Closing Stock (x) Gross Profit XXXXXX Add revenue: eg. Discount received/reduction in provision XXXXX XXXX Less Expenses: Motor Expenses XXXXX Repairs to machinery XXX Wages XXXXX Increase in Provision for Bad Debt XXXX Director's Remuneration XXxxx Depreciation: () XXxx Net Profit before interest and tax XXXX Less Debenture interest X$xx Net Profit before Tax XXXXX () Less Corporation Tax Net Profit after interest and tax XXXXX 213 words Less Appropriation: Add Retain profits B/F XXXXX XX Less Transfer to General Reserve XXXX Ordinary Dividend (XX) XXXXX Profit and loss C/F XXXXX XYZ LTD Balance Sheet as at xxXxx Fixed Assets Cost Prov for Depr NBV Equipment XXX XXXX XXXX Motor Vehicle XXX XXXX XXXXX XX XXXX XXXX Current Assets Stock XXX Debtors XXXX Bank XXXX XXXX Less Current Liabilities: Creditors XXXXX Accruals XX Corporation tax owing XXXX Debenture interest owing XXXX Proposed Dividend (XX) XXXX Working Capital XXXXX XX Less: Long term Liability Debenture () XXXX Financed By: Autborized and Issued Share Capital XXXX Reserves: General Reserves XXXX Foreign Exchange reserves XXXX Profit and Loss C/F XXXXX XXXXX