Accounting Exam Paper

979 Words Nov 14th, 2014 4 Pages
|SECTION A |

Answer BOTH Questions in this Section.
For each question, answer ALL parts.

Question 1

The following is the trial balance of Fido plc as at 30 April 2011:

|Trial Balance of Fido Ltd at 30 April 2011 |
| |Debit |Credit |
| |£ |£ |
|Issued share capital: | | |
|100,000 ordinary shares of £1
…show more content…
|11,900 | |
|Trade payables | |8,300 |
|Sales | |135,250 |
|Bank |65,350 | |
|Debentures 10% | |24,000 |
|Debenture interest |1,200 | |
|Administrative expenses |1,270 | |
|Heat and light expense |3,830 | |
|Audit fees |1,750 | |
|Interim dividend on ordinary shares |3,250 | |
|Wages and salaries |6,600 | |
|Provision for doubtful debts | |910 |
|Share premium | |35,000 |
|Revaluation reserve | |9,860 |
| |363,900 |363,900

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