The following trial balance was extracted from the books of OLLIE LTD as at December 31 2020.
The company has an Authorised Share Capital of 600,000 €1 Ordinary Shares at €1 each.
Ordinary Shares (€1 each)
Profit & Loss Account Balance – Jan1st 2020
Premises at Cost
Accumulated Depreciation Premises
Motor Vehicles at Cost
Accumulated Depreciation Motor Vehicles
Salaries & Wages
Provision for Bad Debts
Light & Heat
Insurance on Motor Vehicles
Bank Term Loan
Debenture Interest Paid
Share Premium Account
Stock on 31/12/2020 is valued at €90,000 Cost Price. The market value of this stock is €100,
Debtors include an amount of €5,000 since found to be bad. No entries have been made in
The Bad Debt Provision is to be changed to 5% of Debtors.
Advertising Prepaid €1,000.
Rent Due €600.
Calculate the debenture interest due on the debenture loan.
Calculate if there is any investment income due.
Depreciation is to be provided as follows:
Premises at 2% of cost
Motor Vehicles at 20% p.a. reducing balance method.
REQUIRED: A Trading and Profit and Loss Account for the year ended 31 Dec 2020 and a Balance She
Please show the workings of part (a) to (g) as notes to the Financial Statements.
Purchase answer to see full
Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.
Academicwritingcompany.com always strives to give you the best of its services. As a custom essay writing service, we are 100% sure of our services. That is why we ensure that our guarantee of money-back stands, alwaysRead more
The paper that you order at academicwritingcompany.com is 100% original. We ensure that regardless of the position you are, be it with urgent deadlines or hard essays, we give you a paper that is free of plagiarism. We even check our orders with the most advanced anti-plagiarism software in the industry.Read more
The Academicwritingcompany.com thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Academic writing Company requires that the you provide the request within Fifteen (14) days since the completion date and within a period of thirty (30) days for dissertations and research papers.Read more
With Academicwritingcompan.com, your privacy is the most important aspect. First, the academic writing company will never resell your personal information, which include credit cards, to any third party. Not even your lecturer on institution will know that you bought an essay from our academic writing company.Read more
The academic writing company writers know that following essay instructions is the most important part of academic writing. The expert writers will, therefore, work extra hard to ensure that they cooperate with all the requirements without fail. We also count on you to help us provide a better academic paper.Read more