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2 marksPreparation of Corporate Financial Statements

CAPE Accounting Unit 1 · 2018 · Paper 2 · Question 2(b)(v)

A trial balance for D & G Construction Company Ltd at 31 December 2016 along with additional year-end information and adjustments is provided.

Briefly state the purpose of a 'Statement of Financial Position'.

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Other parts of this question

  1. 2(a)Distinguish among the following types of companies: public, private, and statutory.[6 marks]
  2. 2(b)(i)Calculate the revised profit for the year ended 31 December 2016.[4 marks]
  3. 2(b)(ii)Prepare a Statement of Retained Earnings for the year ended 31 December 2016.[2 marks]
  4. 2(b)(iii)Prepare the Statement of Financial Position for D & G Construction Company Ltd as at 31 December 2016, submitting all workings showing the make-up of the…[19 marks]
  5. 2(b)(iv)Explain ONE reason for your accounting treatment of the goods received in January 2017 as outlined in Bullet 3.[2 marks]

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