SOLUTION AT Australian Expert Writers
BA4008QA Business Decision Making
July 20 Intake
Coursework: 3
Available on WebLearn: Monday 15 March 2021
Due: Monday 19 April 2021 before 3pm
This Coursework contributes 40% to the overall marks for BA4008QA.
Instructions
You are provided below the Trial Balance of Ajay Ltd for the year ended 31 March 2019.
You are required to:
Prepare Ajay Ltd Statement of Profit or Loss (Income Statement) for the year ended 31 March 2019 and his Statement of Financial Position as at 31 March 2019. (84 marks)
Identify 3 limitations each of income statement and Statement of financial position (balance sheet). (6 marks)
Note: Show all adjustments
Question
You are provided below the Trial Balance of Ajay Ltd for the year ended 31 March 2019.
Ajay Ltd has been trading for a number of years as a wine merchant. The following list of balances has been extracted from his ledger as at 31 March 2019, the end of his most recent financial year.
DR
CR
£
£
Advertising
5,478
Insurance
9,306
Trade Payables
31,511
Purchases
157,443
Drawings
31,288
Rent and Rates
18,612
Sales
290,500
Heat and Light
11,013
Delivery Costs
10,132
Capital
170,600
Salaries and Wages
41,263
Cash in Hand
950
Inventories at 1 April 2018
18,310
Trade Receivables
31,099
Fixtures & Fittings at cost
153,227
Accumulated Depreciation Fixtures & Fittings at 1 April 2018
66,710
Motor Vehicles at cost
182,600
Accumulated Depreciation Motor Vehicles at 1 April 2018
93,500
Bank Overdraft
………….
17,900
655,937
670,721
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