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

Preparation of financial statements — practice question

Refer to Source A1 in the insert.
(a)[11]

Prepare the manufacturing account for the year ended 31 December 2021.

(b)[9]

Prepare the income statement for the year ended 31 December 2021.

(c)[1]

Calculate the floor area of the office.

(d)[1]

Identify the section of a statement of financial position in which the closing balance on a provision for unrealised profit account would appear.

(e)[3]

Any three suitable factors

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