Company Financial Accounting Assignment 2 Questions

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Question # 1:

The following is the list of balances extracted from its books on 31st December, 2004:

 

Prepare Trading and Profit and Loss Account and Balance Sheet in proper form after making the following adjustments:

Depreciate Plant and Machinery by 10%. Write off Rs 500 from Preliminary Expenses. Provide half year’s Debenture interest due. Leave Bad and Doubtful Debts Reserve at 5% on Sundry Debtors. Stock on 31st December, 2004, was Rs. 95,000.

Question No. 2

The following is the two years balance sheet of AGR Company. You are required to prepare Cash Flow Statement from the data.