Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

JP Limited’s accounting year finished on 30 September 2020. The balances below were available at that date.
(a)[2]

Calculate the cost of sales for the period ended 30 September 2020.

(b)[2]

Calculate how much the provision for doubtful debts at 30 September 2020 increased or decreased by.

(c)[12]

Prepare the income statement for the year to 30 September 2020.

(d)[4]

Complete the table by adding a tick (✓) in the appropriate column to show the effect on the equity of JP Limited of each of the following. The first one has already been done as an example.

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