Refer to the Exhibit.
Wilton Limited is preparing its year-end accounts and is calculating a revised allowance for receivables.
An aged receivables schedule shows the following position:
Included in the 3 months plus debt is an amount of $2,300 for a customer that has recently gone into liquidation. The current allowance for receivables is $4,200.
The charge to the income statement for the period and the net receivables figure on the statement of financial position will be:
GG has the following statement of profit or loss extract for the year ended 31 December 20X3
What is the interest cover for GG for the year ended 31 December 20X3?
2.8 times
4.0 times.
4.5 times
3.5 times
A company has profit before tax and dividends of £500000. The share capital consists of 1000000 ordinary shares of £1 each and 100000 10% preference shares of 50p each.
A 10p dividend was declared on ordinary shares.
Assuming there was no tax liability for the period, profit retained for the period was
GH operates an imprest system for petty cash, maintaining a float of $250 The following petty cash book extract is available for a week in March 20X6:
How much does GH need to transfer from the bank account at the end of this week In order to maintain the imprest system?
Which ONE of the following do solvency ratios measure:
Which THREE of the following would be shown in the statement of changes in equity?
Which one of the following best describes the purpose of an external audit of financial statements?
FGH has extracted its trial balance from its nominal ledger for the year ended 31 March 20X6 The items below have a value greater than SNil Which are debit and which are credit balances?
Financial controls are needed in order to:
Which ONE of the following does not apply to the preparation of management accounts?
