Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are an accountant of Elite Consultancy Group. This is now the end of financial year 2017. You are required to compile the financial
You are an accountant of Elite Consultancy Group. This is now the end of financial year 2017. You are required to compile the financial data below to prepare a Statement of Financial Performance in Excel. Trial balance Cash at bank Petty cash Stock on hand DeB-its Tr ade debtors Plant and equipnnt Motor vehicle Account depreciation Plant and equipment Bank loans Trade creditors Provision employee Entitlement GST collected GST paid Payroll liabilities Owrr capital/issued capital Owtr drawings Retai ned earnings Sales gcnxls and wrviees Interest rece Wed Accounting and audit fees Advertising and marketing Bank fees Computer expenses Consultancy Hire purchasenease charges Insurance general Legal fees Motor vehicle Postage/c ourier Printing and stationary Repairs and maintenance office Rent - office premises Salaries office Travel Telephone expenses Utilities Depreci ation Accumulated Depreciation S48,cm.71 336,942M 3331000 S43,43700 S46>02.29 352>0000 S43,171.18 335,195M S4,772.73 $2,112.50 $2,72727 S9-34.55 31909.10 954.54 S4636.36 poo.oo ,104.55 3268545 $711.82 32>22.72 315000540 S4636.37 33>4545 S55(W.oo $620344.00 96>4011) 558>0000 51530300 52,767 m 51500000 S65 963,68400 7500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started