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  • Past Year Partial Answers Revised 28 Aug 2019

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    Patrick Wingwee
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    This document contains financial information from multiple years for a company. It includes income statements showing gross profit and net profit/loss figures. It also includes balance sheet information like working capital and total equity. Additionally, it provides details of cash book balances, bank reconciliations, movements in accumulated depreciation for various asset accounts, depreciation expenses, and gains/losses on asset disposals for each year.

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    This document contains financial information from multiple years for a company. It includes income statements showing gross profit and net profit/loss figures. It also includes balance sheet information like working capital and total equity. Additionally, it provides details of cash book balances, bank reconciliations, movements in accumulated depreciation for various asset accounts, depreciation expenses, and gains/losses on asset disposals for each year.

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    © All Rights Reserved
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    59 views3 pages

    Past Year Partial Answers Revised 28 Aug 2019

    Uploaded by

    Patrick Wingwee
    This document contains financial information from multiple years for a company. It includes income statements showing gross profit and net profit/loss figures. It also includes balance sheet information like working capital and total equity. Additionally, it provides details of cash book balances, bank reconciliations, movements in accumulated depreciation for various asset accounts, depreciation expenses, and gains/losses on asset disposals for each year.

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    © All Rights Reserved
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    of 3

    UBAF1033 APR 2017

     Sec A
    o SOCI: Gross Profit = 95,700; Net Loss = (13,634)
    o SOFP: Working Capital = 90,844; Balancing = 145,854
     Sec B
    o Q1 (a)
     Adjusted Cash Book balance = 74,106
     Bank Reconciliation Bank Statement Balance = 103,746
    o Q1 (b)
     For Y/E 2015: Decrease in ADD = 875
     For Y/E 2016: Increase in ADD = 55
    o Q3 (b)
     For Y/E 2016: Depreciation (Plant) = 69,750
     For Y/E 2016: Acc. Dep of disposed asset (Plant) = 78,000
     For Y/E 2016: Depreciation (MV) = 37,820
     For Y/E 2016: Gain on disposal (Plant) = 6,500

    UBAF1033 SEP 2018


     Sec A
    o SOCI: Gross Profit = 364,500; Net Profit = 134,400
    o SOFP: Working Capital = 666,100; Balancing = 1,122,400
     Sec B
    o Q1 (a)
     Adjusted Cash Book balance = 4,000
     Bank Reconciliation Bank Statement Balance = 15,000
    o Q1 (b)
     For Y/E 2016: Decrease in ADD = 8,500
     For Y/E 2017: Increase in ADD = 8,500
    o Q2 (a)
     Adjusted Debtors Control balance = 269,300
     Adjusted Creditors Control balance = 191,700
    o Q3 (a)
     For Y/E 2016, MV final balance = 95,000
     For Y/E 2013: Depreciation (MV) = 11,750
     For Y/E 2014: Depreciation (MV) = 19,000
     For Y/E 2015: Depreciation (MV) = 21,375
     For Y/E 2015: Acc. Dep of disposed asset (MV) = 9,750
     For Y/E 2016: Depreciation (MV) = 14,500
     For Y/E 2016: Acc. Dep of disposed asset (MV) = 20,000
     For Y/E 2015: Loss on disposal (MV) = 5,250
     For Y/E 2016: Gain on disposal (MV) = 15,000

    UBAF1033 DEC 2018


     Sec A
    o SOCI: Gross Profit = 225,500; Net Profit = 35,650
    o SOFP: Working Capital = 425,150; Balancing = 1,131,650

    UBAF1033 APR 2019


     Sec A
    o SOCI: Gross Profit = 442,500; Net Loss = (11,100)
    o SOFP: Working Capital = 428,900; Balancing = 882,900
     Sec B
    o Q1 (a)
     Adjusted Cash Book balance = 19,233
     Bank Reconciliation Bank Statement Balance = 15,959
    o Q2 (a)
     For Y/E 2018, Machinery final balance = 270,000
     For Y/E 2017: Depreciation (Mac) = 23,500
     For Y/E 2018: Depreciation (Mac) = 27,250
     For Y/E 2017: Acc. Dep of disposed asset (Mac) = 22,000
     For Y/E 2018: Acc. Dep of disposed asset (Mac) = 5,000
     For Y/E 2017: Gain on disposal (Mac) = 2,000
     For Y/E 2018: Loss on disposal (Mac) = 2,000
    o Q2 (b)
     For Y/E 2017: Decrease in ADD = 17,000
     For Y/E 2018: Increase in ADD = 11,000
    o Q3 (a)
     Adjusted Debtors Control balance = 373,111
     Adjusted Creditors Control balance = 293,711

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