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Ezekiel Limited list of balances on March 3 1 , 2 0 1 7 : $ ' 0 0 0 Sales 3 , 3 7
Ezekiel Limited list of balances on March :
$
Sales
Cost of sales
Other operating income
Distribution costs
Administrative costs
Other operating costs
Property, plant and equipment net
Long term receivables
Closing stock
Trade debtors
Cash and bank
Trade creditors
Rent Accrued
Long Term Loan
Ordinary Share Capital $ par value
Cumulative Preference Share Capital
General reserves
Retained profits April
Preference dividends paid
Ordinary dividends paid
Additional information:
Transfer $ to General reserves.
On March Ezekiel Ltd issued shares $ nominal value for $ each.
Four motor vehicles with a net book value of $ was sold for $ on
March The buyer made a direct transfer in full to Ezekiel Limiteds bank
account. This transaction is not yet reflected in the accounts.
Corporation tax is estimated at $ for the financial year ended March
This information is not yet reflected in the accounts.
Legal fees for the financial year ended March amounted to $ This
amount is unpaid and is not yet reflected in the accounts. Legal fees should be classified
under administrative costs.
The company received a long term loan of $ on April On March
each year $ is paid on the principal portion of the loan with interest due
on March each year. Interest is calculated on a reducing balance method. For financial
year March the transactions related to the loans are not yet reflected in the
accounts
No loan payment was outstanding on March No interest payment was outstanding on
April
Distribution costs prepaid on March amounted to $ The prepayment
is not yet reflected in the accounts.
The current portion of the longterm receivable amounted to $ on March
Weighted average number of ordinary shares for the year was
Required:
Prepare the Statement of Comprehensive Income for the year ended March
Prepare the Statement of Changes in Equity for the year ended March
Prepare the Statement of Financial Position as at March The
format should reflect total asset
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