Company Accounts SFP

Triage Co

After preparing a draft statement of profit or loss (before interest and tax) for the year ended 31 March 20X6 (before any adjustments which may be required by notes (i) to (iv) below), the summarised trial balance of Triage Co as at 31 March 20X6 is:

 

$’000          

$’000

Equity shares of $1 each

 

50,000

Retained earnings as at
1 April 20X5

 

3,500

Hybrid (ACCA Sample)

Hybrid

After preparing a draft statement of profit or loss for the year ended 30 September 20X5 and adding the current year's draft profit (before any adjustments required by notes (1) to (3) below) to retained earnings, the summarised trial balance of Kandy Co as at 30 September 20X5 is:

 

 

$'000

$'000

Equity shares of $1 each

 

20,000