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2 Apr
2021

BA4008QA Business Decision Making

Category:ACADEMICIAN

SOLUTION AT Australian Expert Writers

BA4008QA Business Decision Making
July 20 Intake
Coursework:                                               3
Available on WebLearn:                          Monday 15 March 2021
Due:                                                               Monday 19 April 2021 before 3pm
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.
 
  DR
CR
 
    £
    £
Advertising
5,478
 
Insurance
9,306
 
Trade Payables
 
31,511
Purchases
157,443
 
Drawings
31,288
 
Rent and Rates
18,612
 
Sales
 
290,500
Heat and Light
11,013
 
Delivery Costs
10,132
 
Capital
 
170,600
Salaries and Wages
41,263
 
Cash in Hand
950
 
Inventories at 1 April 2018
18,310
 
Trade Receivables
31,099
 
Fixtures & Fittings at cost
153,227
 
Accumulated Depreciation Fixtures & Fittings at 1 April 2018
 
66,710
Motor Vehicles at cost
182,600
 
Accumulated Depreciation Motor Vehicles at 1 April 2018
 
93,500
Bank Overdraft
………….
17,900
 
655,937
670,721
The following additional information is available as at 31 March 2019

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