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Financial Accounting

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Financial Accounting

John Stittle & Robert Wearing

Pub. date: 2008 | Online Pub. Date: May 31, 2012 | DOI:http://dx.doi.org/10.4135/9781446214688 | Print ISBN: 9781412935036 | Online ISBN: 9781446214688 | Publisher:SAGE Publications Ltd

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Chapter 10: Preparing the Final Accounts (Worked Example)

Preparing the final accounts (worked example) You are now in a position to prepare a profit and loss account and balance sheet as might be required in a typical exam question. Work through every entry paying careful attention to the layout of the profit and loss account and balance sheet. In this question, you are dealing with a public limited company (Plc) rather than a sole trader. Therefore, you should expect to find entries in the trial balance for share capital and dividends. Remember to put both the interim and final dividends ...

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