Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

Refer to Source A1 in the insert.
(a)[4]

Prepare the provision for unrealised profit account covering the year ended 31 December 2020.

(b)[4]

Explain two reasons that might account for the change in the balance on the provision for unrealised profit account.

(c(i))[8]

Prepare the manufacturing account for the year ended 31 December 2020.

(c(ii))[9]

Prepare the income statement for the year ended 31 December 2020.

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