PART A: Prepare A Company's Financial Reports Tika Company LTD A Wholesaler Company
PART A: Prepare A Company's Financial Reports Tika Company LTD A Wholesaler Company
PART A: Prepare A Company's Financial Reports Tika Company LTD A Wholesaler Company
operating around Vava’u had provided you with the company’s Trial Balance as at 30 June 2019
with additional information and adjustments at balance date.
1) Explain the nature of the company form of business organization including ownership
structure and the liability of the owners.
For the financial information of the TIKA Company Ltd given above, you are required to
do the following tasks:
2) Prepare the adjusted Trial Balance that balance day adjustment include depreciation (straight
line or reducing value) bad and doubtful debts, accrued expenses, accrued revenue prepayments
and revenue in advance.
3) Prepare the accounting report in required format and classify assets and liabilities in the
financial reports of the company.
4) Prepare a classified Statement of Financial Performance for the company of TIKA Company
Ltd for the year ended 30 2019 incorporating balance day adjustments.
6) Present the owner’s equity section of the Statement of Financial Position for companies.
7) Prepare the Statement of Movement in Equity for the company Tika Company Ltd for the year
ended 30 June 2019.