ACC202/ACC2004 Financial Accounting Standards and Corporate Reporting
Prepare a Statement of Profit and Loss and Other Comprehensive Income and the Statement of Changes in Equity for the reporting period ending 30th June 2018.You are to adhere to the requirements of AASB101 Presentation of Financial Statements with relevant notes and is to be presented professionally. The following transactions occurred for a logistics company during the year. Finanzial Ltd generated revenues from the provision of services for the financial year ended 30 June 2018 of $3 500 000. (a) Balance of retained earnings on 1 July 2017 was $1 301 577. (b) On 1 January 2018 the company revalued its buildings by $600 000. (c) Other expenses given below: Wages $800 000 Electricity 100 000 Rates 50…
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