The following trial balance has been taken from MAW Ltd on 30 April 2013, after the preparation of the Trading and Profit and Loss Account for the year. Ordinary shares (1) 100,000 10% preference shares 10% debenture 2010 Dr ar 310,000 100,000 120,000 Profit for year ended 137,000 30/04/2013 Profit for year ended 120,000 30/04/2012 Stock 250,000 Premises 300,000 Plant and Machinery 200,000 Motor Vehicles 70,000 Office Equipment 60,000 Depreciation Provisions: Premises 118,000 Plant and Machinery 100,000 Motor Vehicles 60,000 Office Equipment 50,000 Debtors 445,000 Creditors Provision for Bad and Doubtful debts Prepayments Accruals Bank TASK 170,000 16,000 6,000 18,000 12,000 1331,000 1331,000 a) Draw up the appropriation section of the Profit and Loss Account (Income Statement) and prepare a balance sheet (Statement of Financial Position), taking into account the following . A corporation tax of 40,000 is to be allowed for 4 The preference share dividend is to be paid . An Ordinary share dividend of 15% is declared . Interest on the debenture needs to be accounted for, b) What information could be collected from an auditor's report which might be of use to the credit manager? The following trial balance has been taken from MAW Ltd on 30 April 2013, after the preparation of the Trading and Profit and Loss Account for the year. Ordinary shares (1) 100,000 10% preference shares i 10% debenture 2010 Dr 310.000 100,000 120.000 Profit for year ended 137,000 30/04/2013 Profit for year ended i 120,000 30/04/2012 Stock 250.000 Premises 300,000 Plant and Machinery 200,000 Motor Vehicles 70,000 Office Equipment 60,000 Depreciation Provisions Premises 118,000 Plant and Machinery 100,000 Motor Vehicles 60.000 Office Equipment 50.000 Debtors 445,000 Creditors 170,000 Provision for Bad and Doubtful 16.000 debts Prepayments 6,000 Accruals 18.000 Bank 12.000 1331,000 1331.000 TASK a) Draw up the appropriation section of the Profit and Loss Account (Income Statement) and prepare a balance sheet (Statement of Financial Position), taking into account the following . A corporation tax of 40,000 is to be allowed for The preference share dividend is to be paid An Ordinary share dividend of 15% is declared Interest on the debenture needs to be accounted for. b) What information could be collected from an auditor's report which might be of use to the cre manager? The following trial balance has been taken from MAW Ltd on 30 April 2013, after the prepa of the Trading and Profit and Loss Account for the year. Ordinary shares (E1) 100.000 10% preference shares 10% debenture 2010 Dr Cr 310,000 100,000 120,000 Profit for year ended 30/04/2013 137,000 Profit for year ended. 120,000 30/04/2012 Stock Premises Plant and Machinery Motor Vehicles Office Equipment 250,000 300,000 200,000 70,000 60,000 Depreciation Provisions: Premises 118,000 Plant and Machinery 100,000 Motor Vehicles 60,000 Office Equipment 50,000 Debtors 445,000 Creditors 170,000 Provision for Bad and Doubtful 16,000 debts Prepayments 6,000 Accruals 18,000 Bank 12,000 1331,000 1331,000 TASK a) Draw up the appropriation section of the Profit and Loss Account (Income Statement) an prepare a balance sheet (Statement of Financial Position), taking into account the following . A corporation tax of 40,000 is to be allowed for The preference share dividend is to be paid An Ordinary share dividend of 15% is declared Interest on the debenture needs to be accounted for. b) What information could be collected from an auditor's report which might be of use to manager? The following trial balance has been taken from MAW Ltd on 30 April 2013, after the preparation of the Trading and Profit and Loss Account for the year. Ordinary shares (1) 100,000 10% preference shares 10% debenture 2010 Dr o 310,000 100,000 120.000 Profit for year ended 137,000 30/04/2013 Profit for year ended 120.000 30/04/2012 Stack 250.000 Premises 300,000 Plant and Machinery 200,000 Motor Vehicles 70,000 Office Equipment 60.000 Depreciation Provisions Premises 118,000 Plant and Machinery, 100,000 Motor Vehicles 60,000 Office Equipment 50,000 Debtors 445,000 Creditors 170.000 Provision for Bad and Doubtful 16,000 debts Prepayments 6,000 Accruals Bank 18,000 12,000 1331,000 1331,000 TASK a) Draw up the appropriation section of the Profit and Loss Account (Income Statement) and prepare a balance sheet (Statement of Financial Position), taking into account the following . A corporation tax of c40,000 is to be allowed for . The preference share dividend is to be paid . An Ordinary share dividend of 15% is declared Interest on the debenture needs to be accounted for b) What information could be collected from an auditor's report which might be of use to the manager