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Question 1 of The FAR Exam

The document contains financial statements and accounting tables for Digby Ltd for the year ended 31 December 20X6. It includes a statement of profit or loss showing revenue of $487,280 and a net profit of $X. It also includes a statement of financial position showing total assets of $X and total equity and liabilities of $X. The document contains accounting tables showing cost of sales, distribution costs, administrative expenses and other financial details.

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Shazaib Khalish
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0% found this document useful (7 votes)
2K views5 pages

Question 1 of The FAR Exam

The document contains financial statements and accounting tables for Digby Ltd for the year ended 31 December 20X6. It includes a statement of profit or loss showing revenue of $487,280 and a net profit of $X. It also includes a statement of financial position showing total assets of $X and total equity and liabilities of $X. The document contains accounting tables showing cost of sales, distribution costs, administrative expenses and other financial details.

Uploaded by

Shazaib Khalish
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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23/09/2020 HtmlTable examples

A B C D E F G H I J K

1 Statement of profit or loss for digby ltd for year ended 31 December 20X6

2 Revenue 487,280

4 Cost of sales W1

6 Gross profit

8 Admin expenses

9 Distribution cost -10508

Profit from
10
operations
11

12 Finance costs -680

Investment 3,411
13
income
14 Profit before tax

15 Tax expense -14200

16 Profi after tax

17

18 Statment of financial position for digby as at 31 december 20X6

19 Assets

20 Non current assets

Land and
21
buildings
Fixtures and
22
Fitting
23

24 Current Assets

25 Inventories

26 Trade Receivables

27 Cash 97,075

28

29 Total assets

30

31 Equity

32 Share capital 262500

33 Share premium 0

34 Retained earnings

35

36 Total

37
38 Non current

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liability
Redeemable
39
preference shares

40 Deferred income 30000

41

42 Current liabilty

43 Trade payable 201,600

44 Tax 14660

45 Overdraft 640

46

Total Equity and


47
liabilities
48

49

50

51

52 W1 Cost matrix

53 COS Distribution Admin Opex

54 Tb 209,917 10,508 40,728 Did Should correc

55 Note 5 Gov grant -40000 10000 Dr cash 40 Dr cash 40 Dr admin

56 Cr Admin 40 Cr opex 10 Cr opex 10

Cr deferred cr Def inc30


57
inc 30

58

59 Invoice date YE

60 45100 40700

Cr revenue Dr cash Cr receivables


61
45100 40700 45100

Dr receivable Dr revenue Cr Suspense


62
45100 4400 4400
63 Dr FX 4400

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