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

Preparation of financial statements — practice question

Use Source A in the insert.
(a)[9]

Complete the table below by calculating the needed figures for each category of property, plant and equipment at 30 June 2022. Show your workings in the space provided.

(b)[14]

Draw up the non-current assets schedule to include as a note to the financial statements for the year ended 30 June 2023. Use the working space on page 4 to show your calculations.

(c(i))[1]

State one implication this has for the directors.

(c(ii))[1]

State one implication this has for the auditors.

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