Quelpr
4 marksPreparation of Corporate Financial Statements

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

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

Calculate the revised profit for the year ended 31 December 2016.

This question uses a figure or table from the paper — you'll see it when you practise.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 2(a)Distinguish among the following types of companies: public, private, and statutory.[6 marks]
  2. 2(b)(ii)Prepare a Statement of Retained Earnings for the year ended 31 December 2016.[2 marks]
  3. 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]
  4. 2(b)(iv)Explain ONE reason for your accounting treatment of the goods received in January 2017 as outlined in Bullet 3.[2 marks]
  5. 2(b)(v)Briefly state the purpose of a 'Statement of Financial Position'.[2 marks]

More practice: the rest of this paper · more Preparation of Corporate Financial Statements questions · all CAPE Accounting Unit 1 past papers