BA4008QA Business Decision Making | My Assignment Tutor -

BA4008QA Business Decision Making July 20 Intake Coursework: 3 Available on WebLearn: Monday 15 March 2021 Due: Monday 19 April 2021 before 3pm This Coursework contributes 40% to the overall marks for BA4008QA. Instructions You are provided below the Trial Balance of Ajay Ltd for the year ended 31 March 2019. You are required to: Prepare Ajay Ltd Statement of Profit or Loss (Income Statement) for the year ended 31 March 2019 and his Statement of Financial Position as at 31 March 2019. (84 marks) Identify 3 limitations each of income statement and Statement of financial position (balance sheet). (6 marks) Note: Show all adjustments Question You are provided below the Trial Balance of Ajay Ltd for the year ended 31 March 2019. Ajay Ltd has been trading for a number of years as a wine merchant. The following list of balances has been extracted from his ledger as at 31 March 2019, the end of his most recent financial year. DRCR £ £Advertising5,478 Insurance9,306 Trade Payables 31,511Purchases157,443 Drawings31,288 Rent and Rates18,612 Sales 290,500Heat and Light11,013 Delivery Costs10,132 Capital 170,600Salaries and Wages41,263 Cash in Hand950 Inventories at 1 April 201818,310 Trade Receivables31,099 Fixtures & Fittings at cost153,227 Accumulated Depreciation Fixtures & Fittings at 1 April 2018 66,710Motor Vehicles at cost182,600 Accumulated Depreciation Motor Vehicles at 1 April 2018 93,500Bank Overdraft………….17,900 655,937670,721 The following additional information is available as at 31 March 2019