The following is a draft set of simplified financial statements

The following is a draft set of simplified for Pear Limited for the year ended 30 September 2015.
Income statement for the year ended 30 September 2015

Statement of financial position as at 30 September 2015

The following information is available:
1 D epreciation has not been charged on office equipment with a carrying amount of £100,000. This class of assets is depreciated at 12 per cent a year using the reducing-balance method.
2 A new machine was purchased, on credit, for £30,000 and delivered on 29 September 2015 but has not been included in the (Ignore depreciation.)
3 A sales invoice to the value of £18,000 for September 2015 has been omitted from the (The cost of sales figure is stated correctly.)
4 A of £25,000 had been approved by the shareholders before 30 September 2015, but was unpaid at that date. This is not reflected in the The interest payable on the loan notes for the second half-year was not paid until 1 October 2015 and has not been included in the A n allowance for trade receivables is to be made at the level of 2 per cent of trade receivables.
7 A n invoice for electricity to the value of £2,000 for the quarter ended 30 September 2015 arrived on 4 October and has not been included in the The charge for taxation will have to be revised to take account of any amendments to the taxable profit arising from items 1 to 7. Make the simplifying assumption that tax is payable shortly after the end of the year, at the rate of 30 per cent of the profit before tax.

Prepare a revised set of for the year ended 30 September 2015 incorporating the additional information in 1 to 8 above. (Work to the nearest £1,000.)

How Our Website Works


It has never been easier to place your order. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process.


All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.


Next, we match up your order details with the most qualified freelance writer in your field.


Once we have found the most suitable writer for your assignment, they start working on a masterpiece just for you!


Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it. Sometimes, the writer may leave a note for you about the order in case there is any additional information that they need to give you.

Leave a Reply

Your email address will not be published.