Manchester United Annual Reports 2021 |
Barcelona FC Annual Reports 2021
|
Leaving Cert Accounting Solutions
Ordinary Level Leaving Cert Solutions
|
Higher Level Leaving Cert Solutions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Write a TEN line summary of each of the following FOUR ACCOUNTING news stories. Click on the images below for a link to a story, but feel free to research other sites.
Break Even Revision
HL Accounting Brain Teaser
Higher Level Company Accounts
Question 1
On the 31/12/16 SuperValu owned delivery vans valued at €170,000 but which originally cost €250,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €30,000 on 31/03/2013 was traded in against a new van which cost €56,000. An allowance of €8,000 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 15% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that SuperValu wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 2
On the 31/12/16 Tesco owned delivery vans valued at €180,000 but which originally cost €290,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €45,000 on 31/03/2013 was traded in against a new van which cost €60,000. An allowance of €12,000 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 20% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that Tesco wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 3
On the 31/12/16 Dunnes Stores owned delivery vans valued at €240,000 but which originally cost €300,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €24,000 on 31/03/2013 was traded in against a new van which cost €66,000. An allowance of €7,500 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 10% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that Dunnes Stores wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 4
On the 31/12/16 LIDL owned delivery vans valued at €140,000 but which originally cost €220,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €34,000 on 31/03/2013 was traded in against a new van which cost €46,000. An allowance of €4,500 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 10% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that LIDL wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 1
On the 31/12/16 SuperValu owned delivery vans valued at €170,000 but which originally cost €250,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €30,000 on 31/03/2013 was traded in against a new van which cost €56,000. An allowance of €8,000 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 15% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that SuperValu wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 2
On the 31/12/16 Tesco owned delivery vans valued at €180,000 but which originally cost €290,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €45,000 on 31/03/2013 was traded in against a new van which cost €60,000. An allowance of €12,000 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 20% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that Tesco wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 3
On the 31/12/16 Dunnes Stores owned delivery vans valued at €240,000 but which originally cost €300,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €24,000 on 31/03/2013 was traded in against a new van which cost €66,000. An allowance of €7,500 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 10% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that Dunnes Stores wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Question 4
On the 31/12/16 LIDL owned delivery vans valued at €140,000 but which originally cost €220,000. This means there was Accumulated Depreciation on the vans of __________________. On 31/03/2016 a delivery van which had cost €34,000 on 31/03/2013 was traded in against a new van which cost €46,000. An allowance of €4,500 was given on the old van. Depreciation on delivery vans is calculated at the annual rate of 10% of cost from the date of purchase to the date of sale.
Find the following:
1) How much was the cheque that LIDL wrote for the new van
2) This Years Depreciation figure on Delivery Vans
3) Profit or Loss on Sale of Delivery Van
4) Accumulated Depreciation on Delivery Vans
Manufacturing in China
|
|
|
Working Capital Tutorials
Formula = Current Assets - Current Liabilities
|
|
|
Accounting Tutorials
Higher Level Company A/c
|
Ord Level Manufacturing A/c
|
Ord Level Dept A/c
|
Tabular Statement - HL
|
HL Accounting |
Marginal Costing - HL |
Revision Tips
|
AccountingCoach Revision QuizzesExcellent interactive revision quizzes, crosswords, puzzles and more for leaving cert accounting students. Don't stress if you don't get them all correct - always nice to learn new words!
|