Grinds Teacher in need of Help

busyliving

Hey all,

Firstly, if this isn't the correct place to post, I do apologize...

I am a college graduate and when i was in college I had a flair for Accounting and Financial management...

And I've been volunteered to help a friend of the family but I am having a little trouble with an exam question she has brought to me....

The question is here

Company A, prepared the following trial balance for year ended 30th June 08



Additional Info:

(i) Closing Stock - 30 June 08 €30,000
(ii) Admin Expenses to be accrued €900
(iii) Repair & Maintenance expenses prepaid €1,100
(iv) Depreciation to be provided as follows
Equipment 10% straight line
Car 20% reducing balance
(v) Corporation Tax for year €15,000, This has not yet been paid
(vi) Final Dividend of €3,000 is proposed

You are required to prepare:
(a) Trading Profit & Loss Account for year ended 30 June 08
(b) Balance Sheet as at 30 June 08

Its really been wrecking my head and my pride...

This is the sort of thing I'd have done in 10 minutes when I was in college, and I've tried the question 3 times and each time it hasn't balanced:mad:

If someone could even do out a list of where things go in each section, or is there any potentially trick parts to the figures it would be greatly appreciated as its probably going to lead to me not getting much sleep tonight...

Cheers in advance

highly1111

If its from the past papers you'll get the solution under exam materials, marking schemes on examinations.ie. Is it LC accounting or JC business? It could be either to be honest from looking at it??

Edited to say looks like LC accounting. Check examinations.ie or do you know where it came from?

vallo

Wasn't there a question in JC business a few years ago that didn't balance? Was it 2010?

busyliving

Cheers for the feedback guys...She got a solution off her teacher, one of the figures was wrong in the question:D