Exercise 10 - Annual Accounts For Costa & Kappa Inc.
Please find in a seperate document the adjusted trail balance for Costa & Kappa Inc. On the basis of the adjusted trail balance please fill in the annual accounts template for the company.
- 1.Profit/loss: The account sales should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 2.Profit/loss: The accounts cash discount and cost of goods sold should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 3.Profit/loss: The accounts advertising expenses, premises expenses, audit fee, running expense of cars, bad debt and miscellaneous expense should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 4.Profit/loss: The accounts salery/wages expense, pension contribution and other employee costs should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 5.Profit/loss: The accounts depreciation on equipment, depreciation on cars, depreciations on plant and machinery, depreciation on buildings should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 6.Profit/loss: The account interest revenue should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 7.Profit/loss: The accounts interest expenses and admission costs should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 8.Profit/loss: The account corporation tax should be classified under:
- A.
Turnover
- B.
Cost of goods sold
- C.
Contribution/gross profit
- D.
External costs
- E.
Employee costs/staff costs
- F.
Other income
- G.
Other expenses
- H.
Operating profit
- I.
Depreciations
- J.
Result from primary operations
- K.
Financial expenses
- L.
Financial income
- M.
Result before tax
- N.
Tax
- O.
Net result
- 9.Balance sheet: The accounts plant and machinery and acc. depreciation on plant and machinery should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 10.Balance sheet: The account inventory should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 11.Balance sheet: The accounts trade debtors and provision for bad debt should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 12.Balance sheet: The account prepayments (prepaid expenses) should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 13.Balance sheet: The accounts cash and bank overdraft should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 14.Balance sheet: The account company capital should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 15.Balance sheet: The account premium should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 16.Balance sheet: The account retained earnings together with the net result from the profit/loss (income statement) should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 17.Balance sheet: The account long term liabilities should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 18.Balance sheet: The account trade creditors should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 19.Balance sheet: The account corporation tax payable should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 20.Balance sheet: The accounts input vat, output vat, vat payable, payable withheld income taxes, payable pension contributions and other creditors should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 21.Balance sheet: The account deferred taxes should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend
- Y.
Total short term creditors
- Z.
Total liabilities
- 22.Balance sheet:The account dividend for the year should be classified under:
- A.
Land and building
- B.
Equipment
- C.
Car
- D.
Plant and machinery
- E.
Total fixed assets
- F.
Inventory
- G.
Trade debtors
- H.
Prepayments
- I.
Cash and deposits
- J.
Total current assets
- K.
Total assets
- L.
Company capital
- M.
Premium
- N.
Retained earnings
- O.
Total equity
- P.
Provision for deferred tax
- Q.
Total provisions
- R.
Long term loans
- S.
Total long term creditors
- T.
Overdraft
- U.
Trade creditors
- V.
Corporation tax
- W.
Other debt
- X.
Dividend under the equity
- Y.
Total short term creditors
- Z.
Total liabilities
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