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Please help me to do the profit and loss statement and balance sheet. Trial balance of Corria Plc for the year ending 31st March 2019
Please help me to do the profit and loss statement and balance sheet.
Trial balance of Corria Plc for the year ending 31st March 2019 000 000 Cr Dr 10,000 2,000 12,855 96,350 18,900 Share capital Share premium Retained earnings Sales Receivables and payables Discounts allowed and received 5% loan Cost of sales 26,400 450 725 20,000 59,390 4,370 2,315 6,320 800 Inventory at 31 March 2019 Bank Selling and distribution costs Irrecoverable debt Allowance for receivables 480 50,000 Buildings cost Accumulated depreciation for buildings as at 1 April 2018 Motor vehicles cost Accumulated depreciation for motor vehicle as at 1 April 2018 Administrative expenses Motor vehicle expenses Directors salaries 12,500 3,000 500 15,340 760 7,000 1,400 Dividend paid Rent Received 855 Interest paid to 30 September 2018 nandal dst Suspense 500 80 176,645 176,645 You are given the following information in respect of the company at 31st March 2019 Included in the closing, inyentory at the 31st March 2019 are goods that were purchased for 290.000, Due to them being stored incorrectly they have now become damged and can now be sold for 145,000 Depreciation is to be provided for the year to 31st March 2019 as follows: Buildings 10% per annum straight line basis Motor vehicles 25 % per annum reducing balance basis 2 A full year's depreciation is charged in the year of purchase and none in the year of disposal. The second half year's debenture interest is to be accrued. One of Corria's tenants pays in arrears and at the 31st March 2019 they owe 35,000. 4 acamed inorme uIreut aset Ape pard
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