1. You are presented with the following trial balance of Arbalrest, a limited liability company at 30 September 20X6.

Dr Cr
Account
$ $
Inventory at 1st Oct 20X5 186,400
Purchases 1,448,200
Carriage inward 38,100
Carriage outwards 43,700
Sales 3,010,000
Trade receivables 318,000
Disposal 200,000
Wages and Salaries 694,200
Sundry expenses 80,000
Administrative expense 276,000
Loan interest 25,000
Allowance for Trade receivable at 1st Oct 20X5 18,800
Irrecoverable debt 14,300
Equipment at 1 Oct 20X5
st

Cost 1,217,600
Acc. Dep. 288,700
Land and building 1st Oct 20X5
Cost 2,000,000
Acc. Depn. Building 300,000
1$ Ordinary Share 1,000,000
Share premium 500,000
Retained Earnings at 1 Oct 20X5
st
524,000
10% loan notes 500,000
Suspense 400,000
Total 6,541,500 6,541,500
(SoPL) Arbalrest limited liability company's Statement of Profit or Loss for the year
ended at 30 September 20X6
$ $
Sales (W4) 3,020,000
Less: Sales Return -
Net Sales: 3,020,000
Cost of Goods Sold
Opening inventory 186,400
Purchases 1,448,200
Carriage inward (W1) 35,100
Less: Purchase Returns/ Returns out -
Less: Closing Inventory [W2] (172,000)
1,497,700
Gross Profit 1,522,300
Other Income
Gain on disposal (W1) 50,000
50,000
Expenses
Carriage outwards (W1) 46,700
Wages and salaries expense 694,200
Sundry expenses [W3] 73,250
Administrative expense 276,000
Loan interest 25,000
Irrecoverable debt 14,300
Depreciation expenses [W5] 205,780
(1,335,230)
Profit for the year: 237,070

Other Comprehensive Income

Gains on Property Revaluation (W5) 350,000
350,000
Total Comprehensive Income for the year 587,070
any at 30 September 20X6.

[W1].a Dr Suspense account: 400,000

Cr Disposal: 400,000

Dr Disposal: 150,000
Dr Accumulated depreciation: 150,000
Cr Equipment - cost: 300,000

=> Gain on disposal: 50.000

[W1].b Dr Carriage outward: 3,000

Cr Carriage inward: 3,000

[W2] Closing Inventory: 200,000 - (80,000-52,000)= 172,000

opening inventory:
Purchases
Carried inward:
closing inventory
COGS

[W3] Dr Prepayment:
Cr Sundary exp:

[W4].a Dr Receivables: 10,000

Cr Sales: 10,000

[W4].b No adjusment because only impact on personal accounts

[W5] Dr Depreciation exp: (1,217,600-150,000-288,700)x20%=155,780

Cr A/D - Equipment: 155,780

Dr Depreciation exp: 1,000,000x5%=50,000

Cr A/D - Building: 50,000

Revaluation CA of Land and Building:

FV of Land & building
Gain on revaluation
Dr A/D - Building: 350,000
Cr Revaluation surplus: 350,000

(SoFP)Arbalrest limited liability company's Statement of Financial

Non-Current Assets
Equipment (W1+W5)
Land and building (W5)

Current Assets
Closing Inventory (W2)
Trade receivables (W4)
Less: Allowance for receivables
Prepayments (W3)

TOTAL ASSETS:

Equity
Share capital
Share premium
Revaluation surplus (W5)
Retained earning (PL)
Total equity

Non-Current Liabilities
10% loan notes

TOTAL EQUITY AND LIABILITIES:

-52,000)= 172,000

186400
1,448,200
35,100
172,000
1,497,700

6750
6750

n personal accounts

000-288,700)x20%=155,780

1650000
2000000
350000
ompany's Statement of Financial Position as at 30 September
20X6
$ $

623,120
2,000,000
2,623,120

172,000
328,000
(18,800)
6,750
487,950

3,111,070

1,000,000
500,000
350,000
761,070
2,611,070

500,000
500,000
3,111,070

-
SOPL $ $
Sales 3,020,000
COGS
Opening inv 186,400
Purchases 1,448,200

35,100
Carrying in
-172,000
Closing inv

1,497,700

Gross profit 1,522,300

Other income
Gain on disposal 50,000

Expenses

Carriage outward 46,700

Wages and Salari 694,200
Sundry exp 73,250

276,000
Admin exp

25,000
Loan interest
Irr debt 14,300
Dep exp 205,780

1,335,230

Profit for the year 237,070

Other comprehensive income

Gains on revalua 350,000
350,000
Total comprehensive income for the year 587,070

SOFP
Current assets
 TR 328,000
Less: Allow for T -18,800
Closing inv 172,000
Prepayment 6,750
487,950
Non-current assets
Equip 623,120 ghi nhận at cost hay CA?
Land&building 2,000,000 Reval
2,623,120
TOTAL ASSETS 3,111,070
Non-current liability
Loan notes 500,000
Loan interest 25000 sai
Equity
Share capital 1,000,000
Share premium 500,000
Reval surplus 350,000
Retained earning 524,000 RE phải cộng thêm PFTY 524000+237070 761,070
2,611,070
TOTAL L&E 3,111,070

Xem lại các đầu mục, thứ tự đầu mục của SOFP & SOPL
 Dr
Account
$
Inventory at 1st Oct 20X5 186,400
Purchases 1,448,200
Carriage inward 38,100
43700
Carriage outwards
46700

Sales

318000
Trade receivables
328000
Disposal 200,000
Wages and Salaries 694,200
Sundry expenses 80,000
Administrative expense 276,000
Loan interest 25,000
Allowance for Trade receivable at 1 st Oct
20X5
Irrecoverable debt 14,300
Equipment at 1st Oct 20X5
1217600
Cost
917600

Acc. Dep.

Land and building 1st Oct 20X5

Cost 2,000,000

Acc. Depn. Building 350000

1$ Ordinary Share
Share premium
Retained Earnings at 1st Oct 20X5
10% loan notes
Suspense 400,000
Total 5,712,200
Reval surplus 350000
Gains on disposal 50000
Prepayment 6750
 Cr
$ Đúng Nhầm
W1 Dr Cash 200,000 Dr Cash 200,000
Cr Disposal Dr Disposal
3000 Dr 35100

150,000
Dr A/D
3010000
150,000 Gain on disposal
3020000 Dr Disposal

300,000
Cr Equip
400,000 Cr 200000
Dr Carr out
3,000
6750 Dr 73250 Cr Carr in

W2 Closing inv 200000 - 80000 + 52000 172,000

18,800 Opening inv 186,400
Purchases 1,448,200
Carri in 35,100

Closing inv -172,000

288700
138700 COGS 1,497,700
294480 PL

W3 Sundry 9000 1 July X6 - 30 June X7

300000
350000 0 đã trả 9 tháng
1,000,000 Dr Prepayment
6,750
500,000 Cr Sundry
524,000
500,000 W4 Dr TR
10,000
400,000 0 Cr Sales
3,352,550
W5 Dr A/D - Equip (917600 - 138700)*20%
155,780
Cr Dep exp
Dr A/D - Building1000000*5%
50,000
Cr Dep exp

FV of reval 2000000
Reval surplus 350000

Dr A/D (xoá sổ khấu hao luỹ kế)

350,000
Cr Reval sur
 Sửa
Dr Suspense 400,000
Cr Disposal

ain on disposal 50,000

PL
2. You are presented with the following trial balance of Arbalrest, a limited liability company at 30 September 20X6.

Dr Cr
Account
$ $
Inventory at 1st Oct 20X5 186,400
Purchases 1,623,200
Carriage inwards 38,100
Carriage outwards 47,300
Sales 3,010,000
Trade receivables 318,000
Wages and Salaries 694,200
Marketing expense 80,000
Administrative expense 276,000
Loan interest 50,000
Allowance for Trade receivable at 1st Oct 20X5 18,800
Irrecoverable debt 14,300
Equipment at 1st Oct 20X5
214000
- Cost
184000
88700
- Acc. Dep.
72900
Land and building 1 Oct 20X5
- Cost 3,000,000
- Acc. Depn. Building 500,000
1$ Ordinary Share 1,000,000
Share premium 300,000
Retained Earnings at 1 Oct 20X5
st
312,000
10% loan notes 500,000
Suspense 812,000
Total 6,327,500 6,452,800
 (SoPL) Arbalrest limited liability company's Statement of Profit or Loss for the year
ended at 30 September 20X6
$ $
Sales 3,010,000
Less: Sales Return -
Net Sales: 3,010,000
Cost of Goods Sold
Opening inventory 186,400
Purchases 1,623,200
Carriage inward 38,100
Less: Purchase Returns/ Returns out -
Less: Destroyed Inventory (292,700)
Less: Closing Inventory [W2] (50,000)
1,505,000
Gross Profit 1,505,000
Other Income
-
-
Expenses
Carriage outwards 47,300
Wages and salaries expense 694,200
Marketing expense [W3] 72,000
Administrative expense 276,000
Loan interest 50,000
Irrecoverable debt 14,300
Depreciation expenses [W5] 72,220
Loss on disposal [W1].b 2,200
(1,228,220)
Profit for the year: 276,780

Other Comprehensive Income

Gains on Property Revaluation 750,000
750,000
Total Comprehensive Income for the year 1,026,780
y at 30 September 20X6.

[W1].a

[W1].b

[W2]

[W3] Correction

[W4]
Dishounored cheque

[W5]
Revaluation
Dr Suspense account: 800,000
Cr Share capital: 500,000x1=500,000
Cr Share premium: 500,000x0.6=300,000

Proceed on disposal: 812000 - 800000 = 12,000

Dr Suspense 12000
Cr Disposal 12000

Dr Disposal 14200
Dr Acc. Depn - equip: 15800
Cr Equip - cost: 30000
=> loss on disposal -2200

Closing Inventory: 50,000 Insured inventory

Caculated COGS: 1797700

Actual COGS: 1505000 Dr insurance receiva

Destroyed Inventory 292700 Cr COGS

opening inventory 186400

Purchase 1623200
Carried inward 38100
Less: closing inventory -50000
Less: destroyed inventory -292700
COGS 1505000
Dr Prepayment: 8,000
Cr Marketing exp: 8,000

to arrive correct cash ledger balance, only fix for business errors
Dr A/R 500
Cr Cash 500

Dr Depreciation exp: 22220

Cr A/D - Equipment: 22220
Dr Depreciation exp: 50000
Cr A/D - Building: 50000

CA of land & building 2450000 Dr Acc depn - Land &building

FV of land & building 3200000 Dr Land &building -cost
Gain on revaluation 750000 Cr OCI/RS

(SoFP)Arbalrest limited liability company's Statement of Financial

Position as at 30 September 20X6
$ $
Non-Current Assets
Equipment (W1+W5) #VALUE!
Land and building (W5) 3,200,000 #VALUE!

Current Assets
Closing Inventory 50,000
Trade receivables (W4) 318,500
Less: Allowance for receivables (18,800)
Prepayments (W3) 8,000
Bank (W4) (500)
insurance receivable (W2) 292,700 649,900
TOTAL ASSETS: #VALUE!

Equity
Share capital (W1) 1,500,000
Share premium (W1) 600,000
Revaluation surplus (W5) 750,000
Retained earning (PL) 588,780
Total equity 3,438,780

Non-Current Liabilities
10% loan notes 500,000
500,000

TOTAL EQUITY AND LIABILITIES: 3,938,780

292700
292700
epn - Land &building 550000
&building -cost 200000
750000
 Dr Cr
Account
$ $
Inventory at 1st Oct 20X5 186,400
Purchases 1,623,200
Carriage inwards 38,100
Carriage outwards 47,300
Sales 3,010,000
Trade receivables 318,000
Wages and Salaries 694,200
Marketing expense 80,000 8000 72000
Administrative expense 276,000
Loan interest 50,000
Allowance for Trade receivable at 1st Oct
18,800
20X5
Irrecoverable debt 14,300
Equipment at 1st Oct 20X5
- Cost 214,000
- Acc. Dep. 88,700 Loss on dis 2200
Land and building 1 Oct 20X5
- Cost 3,000,000
- Acc. Depn. Building 500,000
1000000
1$ Ordinary Share
1500000
Share premium 300,000
Retained Earnings at 1 Oct 20X5
st
312,000
10% loan notes 500,000
Suspense 812,000
Total 6,541,500 5,549,500
PL
3. Markus Company has prepared a trial balance at 30 April 20X3 which is presented below.

Dr Cr
$ $
Share capital 15,000
Share premium 4,000
Retained earnings – 1 May 20X2 10,000
Revaluation surplus – 1 May 20X2 1,000
Finance costs 300
Bank 7,400
Administrative expenses 65,800
Distribution expenses 31,200
Plant and machinery – cost 77,000
Plant and machinery – accumulated depreciation
25,000
at 1 May X2
Trade receivables 20,000
Allowance for receivables-1 May 20X2 3,150
Revenue 230,000
Inventory – 1 May 20X2 18,750
Dividend 13,000
Trade payables 17,500
Purchases 90,000
6% loan – repayable 31 July 20X5 3,000
Total 316,050 316,050
(SoPL) Arbalrest limited liability company's Statement of Profit or Loss
for the year ended at 30 September 20X6
$ $
Sales 230,000
Less: Sales Return -
Net Sales: 230,000
Cost of Goods Sold
Opening inventory 18,750
Purchases 90,000
Depn expense (W2) 7,800
Carriage inward [W1].b -
Less: Purchase Returns/ Returns out -
Less: Closing Inventory [W2] (16,250) 100,300
Gross Profit 129,700
Expenses
Finance costs [W3] 435
Administrative expenses [W1] + [W5] + [W7] 65,800
Distribution expenses [W6] 31,550 (97,785)

Loss on revaluation (1,450) (1,450)

Profit for the year: 30,465
Other Comprehensive Income
Lost on Property Revaluation (1,000) (1,000)

Total Comprehensive Income for the year 29,465

nted below.

[W1] Dr admin expense: 600

Cr Trade Receivables: 600

Dr Allowance for receivables: 500

Cr admin expense: 500

[W2] Dr COGS: (77,000-25,000)x15%=7,800

Cr A/D - P&M: 7,800

Dr Loss on P&M revaluation (PL): 1,450

Dr Revaluation surplus: 1,000

Dr A/D - Plan and machinery: 32,800

Cr Plan and machinery - Cost: 35,250
[W3] Dr Finance costs: 3,000x6%x9/12=135
Cr Accruals: 135

[W4] Closing inventory: 17,500-5,000+3,750=16,250

opening inventory: 18,750

Purchases: 90,000
Depn expense: 7,800
closing inventory: 16,250
COGS: 100,300
[W5] Dr Prepayments: 400
Cr admin expense: 400

[W6] Dr distribution expense: 350

Cr Accruals: 350

[W7] To arrive correct bank ledger balance, only fix for business' errors
Dr Admin expense: 300
Cr Bank: 300
 (SoFP)Arbalrest limited liability company's Statement of Financial Position as at 30 Sept
20X6
$
Non-Current Assets
Plant and machinery (W2) 41,750

Current Assets
Closing Inventory (W4) 16,250
Trade receivables (W1) 19,400
Less: Allowance for receivables (2,650)
Prepayments (W5) 400

TOTAL ASSETS:

Equity
Share capital 15,000
Share premium 4,000
Retained earning (PL) 27,465
Revaluation surplus -
Total equity

Non-Current Liabilities
6% loan – repayable 31 July 20X5 3,000

Current Liabilities
Trade payables 17,500
Accruals (W3, W6) 485
Bank overdraft [W7] 7,700

TOTAL EQUITY AND LIABILITIES:

cost: 77,000
acc depn: 32,800
CA: 44,200
FV: 44,200-2,450=41,750
nancial Position as at 30 September
$

41,750

33,400
75,150

46,465

3,000

25,685

75,150