13 FINAL ACCOUNTS (b)


Balance Sheet as at 31/12/2012 Cost


Intangible Fixed Asset Patents (W3)


Tangible Fixed Assets Buildings (W6)


Delivery Van (W8)


Financial Assets 4% Investments


Current Assets Stock (W2)


Insurance Company Bank (W14) Debtors (W9)


less provision (W10)


[2] [1]


Advertising Prepaid (W12) Investment Income Due (W13)


Creditors: Amounts falling due within 1 year Creditors (W15) Interest Due (W5)


99,020 (4,951)


[3] [2] [5]


77,400 2,500


52,610 [2]


94,069 1,000


[3] 7,500 235,079


[3] [3]


69,440 10,000


(79,440) 155,639 1,282,239


Financed By Creditors: Amounts falling due after more than 1 year 10% Debentures


Capital and Reserves Ordinary Shares @ €1 each 4% Preference Shares @ €1 each 13


Capital Reserves P & L Balance


Capital Employed W14 52,670


Do a Bank Reconciliation to check Balance as per bank statement less cheque not yet presented


Bank


Balance 52,000 Creditor (550 - 490) Debtor


670 Balance 60


52,610 52,670


W15


Bank (550 - 490) Balance


53,810 (1,200)


Balance as per revised bank account 52,610 Authorised


1,000,000 [2] 500,000 [2]


Issued


600,000 300,000


1,500,000 900,000 [1]


67,000


165,239 1,132,239 1,282,239


A lot of your workings for the Balance Sheet are done already.


Creditors 60 Balance 69,500


69,440 69,500


69,500 [2] 150,000


[3] [3]


€


700,000 224,000 924,000


Accumulated Depreciation Net €


€


[2] 21,000 679,000 [3] 47,400 176,600


68,400 855,600 855,600


250,000 1,126,600


Total €


[3] 21,000


182


TIP


TIP


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