Question:
Saldpur Fashions pic produces a range of clothing at its factory. The ciothing is then dellvered to
Saldpur Fashions plcs shops for sale to customers. On June the following balances
were in the books.
Adjustments and additionai information on June
End inventory on June was valued at $
Depreclation for the year is to be provided as follows:
Warehouse machinery $ and omce machinery $
Maintenance is divided between the factory, distribution, and ofmce in the ratio of ::
Hire of delivery vans, $ is outstanding
Provision is to be made for the payment of dividends as follows:
Preterence alvidend of $
A corporation tax provision for $ is to be made
The interest payments on the Debentures are made at the end of June. The payment for
December is outstanding
Selling expenses include $ prepaid
Required:
a Prepare Saldpur Fashions plo statement of Proft or Loss and Comprenensive Income
for the year ended June with complete work for each cost.
b Prepare the Statement of Financial Position on June
