Topic: Business Decision Making

BA4008QA Business Decision Making

Coursework: 3

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.

The following additional information is available as at 31 March 2019
Inventories at the close of business on 31 March 2019 was valued at £25,550
Insurances have been prepaid by £850
Heating and Lighting is accrued by £2,210
Rates have been prepaid by £4,482
Delivery cost is accrued by £905
Depreciation charge for Fixtures and Fittings for the year £12,584.
Depreciation charge for Motor Vehicles for the year £10,440.

Type of assignment: Academic paper writing
Type of assignment: Essay
Subject: Business
Pages/words: 4/1100
Number of sources: 5
Academic level: Bachelor
Paper format: Harvard
Line spacing: Double
Language style: UK English

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