Premier training

Rune

Anyone out there starting DFS! My mind has gone blank! Any one doing the first assignment?

gillwilson

Hi Rune
Yes I have just finished 1st DFS assignments for premier training - anything I can help with?

Gill

Rune

hi yes i am getting loads of different answers for the income state ment the last profit i got for the year was £960000 am i heading in the right direction?

Marg22

Pemier Training

As you are with premier it should be Muggeridge Ltd that you are doing.

The best way I would advise you to approach it:-

1. Go through the trial balance and Code each value with either a B or an I depending on whether it should go in the income statement or balance sheet.
B = Balance sheet
I = Income statement

2. Go through and do the journals write a B or an I to indicate where it
needs to be adjusted.

3. Now have a go at the income statement.

4. Net profit for the year should be 195K

Hope this helps you.

Kind regards

Marg