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Willard Industries Plc . Trial Balance as at December 3 1 , 2 0 2 3 , is shown below: 0 0 0 0 0
Willard Industries Plc Trial Balance as at December is shown below: Revenue Administrative expenses Selling and Distribution expenses Legal and Professional expenses Allowance for receivables Inventories finished goods Work in Progress Inventories Raw materials at cost Purchases Raw materials Carriage inwards raw materials Manufacturing Overhead Manufacturing wages Authorised and issued Ordinary Shares of each Fully paid cumulative preference shares of each fully paid Revaluation surplus Share premium General reserve Retained earnings Patents and trademarks Freehold property at cost Leasehold property at cost Amortisation of leasehold property Plant & Equipment at cost Accumulated depreciation plant and equipment Furniture & Fittings at Cost Accumulated depreciation Furniture & Fittings Motor Vehicles at cost Accumulated depreciation Motor Vehicles loan notes Trade payables Trade receivables Bank Overdraft Cash i A gain of made on the revaluation of an existing old freehold property during the year is yet to be accounted for. ii Inventory at December were: Raw Materials Finished Goods Work in Progress iii Legal and professional expenses include Solicitors fees for the purchase of new freehold land during the year iv Provision is to be made for the full years interest on the loan notes v The leasehold land and buildings are held on years lease with years unexpired life left as at the end of December vi Depreciation for the year is to be charged as follows: Plant and equipment on cost Charged to production Furniture and fittings on cost charged to administration Motor Vehicles on reducing balance Charged to administration and to selling and distribution vii Corporate income tax on the profit for the year is estimated at and is due for payment on February viii A dividend of pence per ordinary share capital is recommended for payment by the directors. ix No dividend was paid in the previous financial year.
Willard Industries Plc Trial Balance as at December is shown below:
Revenue
Administrative expenses
Selling and Distribution expenses
Legal and Professional expenses
Allowance for receivables
Inventories finished goods
Work in Progress
Inventories Raw materials at cost
Purchases Raw materials
Carriage inwards raw materials
Manufacturing Overhead
Manufacturing wages
Authorised and issued Ordinary Shares of each Fully paid
cumulative preference shares of each fully paid
Revaluation surplus
Share premium
General reserve
Retained earnings
Patents and trademarks
Freehold property at cost
Leasehold property at cost
Amortisation of leasehold property
Plant & Equipment at cost
Accumulated depreciation plant and equipment
Furniture & Fittings at Cost
Accumulated depreciation Furniture & Fittings
Motor Vehicles at cost
Accumulated depreciation Motor Vehicles
loan notes
Trade payables
Trade receivables
Bank Overdraft
Cash
i A gain of made on the revaluation of an existing old freehold property during the year is yet to be accounted for.
ii Inventory at December were:
Raw Materials
Finished Goods
Work in Progress
iii Legal and professional expenses include Solicitors fees for the purchase of new freehold land during the year
iv Provision is to be made for the full years interest on the loan notes
v The leasehold land and buildings are held on years lease with years unexpired life left as at the end of December
vi Depreciation for the year is to be charged as follows:
Plant and equipment on cost Charged to production
Furniture and fittings on cost charged to administration
Motor Vehicles on reducing balance Charged to administration and to selling and distribution
vii Corporate income tax on the profit for the year is estimated at and is due for payment on February
viii A dividend of pence per ordinary share capital is recommended for payment by the directors.
ix No dividend was paid in the previous financial year.
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