Below are two balance sheets for Throup Ltd for the most recent and the previous year’s trading periods. Throup Ltd Balance Sheets at financial year end Year ended 31 December 2015 Year ended 31 December 2016 £ £ £ £ £ £ Non-current assets Cost Dep. NBV Cost Dep. NBV Property 180,000 10,000 170,000 180,000 14,000 166,000 Equipment and machinery 23,000 4,500 18,500 44,000 11,310 […]

X Ltd. was incorporated on 1 April 2010 with an authorized capital of 20,000 equity shares of Rs.100 each to take over the running business of Y Ltd. from 1 January 2010. The following is the summarized profit and loss account for the year ended 31 December 2010. Particulars Sales: 1 January 2010 to 31 March 2010 24,000 1 April 2010 to 31 December 2010 […]

Bond details: Face value 100.00 Issue price 100.00 Maturity 15-Feb-X4 Rate of Interest 10.00 Currency GBP Coupon dates (until Coupon date FX rate Settle date FX rate maturity) Previous coupon 15-Feb-X2 .64715 18-Feb-X2 .62649 Coupon date-1 15-Aug-X2 .65113 18-Aug-X2 .65501 Coupon date-2 15-Feb-X3 .61900 18-Feb-X3 .62846 Coupon date-3 15-Aug-X3 .62649 18-Aug-X3 .62861 Coupon date-4 15-Feb-X4 .53043 18-Feb-X4 .52938 Day count ActuaV365 Transaction details Particulars Wade […]

Jasemine Company Ltd. was formed to take over a running business with effect from 1 April 2009. The company was incorporated on 1 August 2009, and the Certificate of Commencement of Business was received on 1 October 2009. The following profit and loss account has been prepared for the year ended 31 March 2010. Profit and Loss Account for the Year Ended 31 March 2010 […]

Bond details: Face value 100.00 Issue price 100.00 Maturity 15-Feb-X4 Rate of interest 10.00 Currency JPY Coupon dates (until Coupon date FX rate Settle date FX rate maturity) Previous coupon 15-Sep-X2 122.25 18-Sep-X2 121.50 Coupon date-1 15-Mar-X2 129.00 18-Mar-X2 131.33 Coupon date-2 15-Sep-X3 121.70 18-Sep-X3 121.50 Coupon date-3 15-Mar-X3 118.32 18-Mar-X3 118.87 Coupon date-4 15-Sep-X4 110.31 18-Sep-X4 106.82 Day count Actual/365 365 Transaction details Particulars […]

A public limited was incorporated on 1 October 2009 to take over a business as a going concern as from 1 April 2009. The purchase price of the business for such acquisition was fixed on the basis of the balance sheet of the firm as at 31 March 2009 but the agreement provided that the vendors would get 80% of the profits earned prior to […]

Bond details: Face value 100 Issue price 100 Maturity 10-Sep-X4 Rate of interest 6.50% Currency USD Coupon dates (until maturity) Coupon date Settle date Previous coupon 10-Sep-X2 13-Sep-X2 Coupon date-1 10-Mar-X3 13-Mar-X3 Coupon date-2 10-Sep-X3 13-Sep-X3 Coupon date-3 10-Mar-X4 13-Mar-X4 Coupon date-4 10-Sep-X4 13-Sep-X4 Day Count Actual/365 Transaction details Particulars Trade date Settle date Quantity Clean price Bought 12-Feb-X3 15-Feb-X3 25,000 143 Sold 06-Aug-X3 09-Aug-X3 […]

Ramkumar Industries Pvt. Ltd. was incorporated on 1 May 2009. It took over Ramkumar’s sole proprietary business with effect from 1 April 2009. Ramkumar’s balance sheet as at 31 March 2010 is as follows: Liabilities Assets Capital Account 21,57,500 Building 5,50,000 Loan 42,500 Machinery 15,00,000 Trade Creditors 85,000 Debtors 1,28,500 Creditors for 12,500 P & L A/c 1,19,000 Expenses 22,97,500 22,97,500 It was agreed to […]

Bond details: 100.00 100.00 10-Dec-X6 Face value Issue price Maturity Rate of interest 4.50 Currency USD Coupon dates (until maturity) Coupon date Settle date Previous coupon 10-June-X2 13-June-X2 Coupon date-1 10-Dec-X3 13-Dec-X3 Coupon date-2 10-June-X3 13-June-X3 Coupon date-3 10-Dec-X4 13-Dec-X4 Coupon date-4 10-June-X4 13-June-X4 Coupon date-5 10-Dec-X5 13-Dec-X5 Coupon date-6 10-June-X5 13-June-X5 Coupon date-7 10-Dec-X6 13-Dec-X6 Day count ActuaV365 Transaction details Particulars Wade date Settle […]

The following is a worked example of a set of financial statements for a limited company produced for internal use Shortland plc Trial balance as at 31 Dec 2018 E £ Issued ordinary share capital (Et shares) 250,000 5% Debenture 2024 40,000 Retained earnings 15,600 Property 300,000 Plant and equipment 62,000 Sales revenue 178,000 Purchases 87,500 Inventory as at 1 January 2018 14,750 Distribution costs […]