(a)[4]
Calculate the revised profit for the financial year ended 30 June 2024.
(b)[3]
Calculate the ordinary share capital figure at 1 July 2023.
(c)[8]
Complete the statement of changes in equity for the financial year ended 30 June 2024.
Accounting 9706 · AS & A Level · Preparation of financial statements
Preparation of financial statements — practice question
For the year ended 30 June 2024, the draft profit of L plc was worked out at $58\,340$. Once the draft profit had been prepared, the directors identified errors in the accounting records.