Deb|t Cred|t

(kM) (kM)
LqulpmenL 40000
8eLalned earnlngs 13400
AdverLlslng expenses 9330
lurnlLure 13000
8enLal expenses 8700
AccounL recelvable 6300
uLlllLles expense 3230
lnvenLory 146000
CaplLal sLock 100000
Cash 16230
MorLgage payable 79300
noLes recelvable 6000
AccounL payable 19600
Wages expenses 87330
8ulldlng 104300
noLes payable 190300
Land 87830
CosL of good sold 113030
roperLy Lax expense 2300
Wages payable 9100
CLher expenses 2800
Sales revenue 233400
1oLal 760130 338030
AddlLlonal lnformaLlon
1) SeLLlemenL of Lhe wages payable amounL Lo 8M 6300 buL Lhls amounL had noL been recorded yeL
2) 8enLal expense lncurred durlng Lhe year amounL Lo 8M 1000 and remaln unpald
1hls amounL had noL been Laken up durlng Lhe year
3) uepreclaLlon expenses are recorded by uslng sLralghL llne meLhod as follow
lurnlLure 10
LqulpmenL 20
8ulldlng 3
4) uLlllLles expense lncurred durlng Lhe year amounL Lo 8M 360 and sLlll remaln unpald
1hls amounL had noL been Laken up durlng Lhe year
8equlred Lo prepare
1) Ad[usmenL of Lhe Lrlal balance as aL 31 uecember 2002
2) Ceneral ledger as aL 31 uecember 2002
3) Ad[usLed Lrlal balance as aL 31 uecember 2002
4) 1he worksheeL as aL 31 uecember 2002
3) lncome sLaLemenL or Lhe year ended 31 uecember 2002
6) 8alance sheeL as aL 31 december 2002
Arabe||a Lnterpr|se
1r|a| 8a|ance
Ior the year ended 31 December 2002
Deb|t Cred|t Deb|t Cred|t
(kM) (kM) (kM) (kM)
LqulpmenL 40000 40000
8eLalned earnlngs 13400 13400
AdverLlslng expenses 9330 9330
lurnlLure 13000 13000
8enLal expenses 8700 8700
AccounL recelvable 6300 6300
uLlllLles expense 3230 3230
lnvenLory 146000 146000
CaplLal sLock 100000 100000
Cash 16230 16230
MorLgage payable 79300 79300
noLes recelvable 6000 6000
AccounL payable 19600 19600
Wages expenses 87330 87330
8ulldlng 104300 104300
noLes payable 190300 190300
Land 87830 87830
CosL of good sold 113030 113030
roperLy Lax expense 2300 2300
Wages payable 9100 9100
CLher expenses 2800 2800
Sales revenue 233400 233400
1ota| 7601S0 S380S0 649100 649100
C|d New
Arabe||a Lnterpr|se
1r|a| 8a|ance
Ior the year ended 31 December 2002
Date art|cu|ars kef Deb|t Cred|t
(kM) (kM)
2002
uec 31 Wages ayable !01 6300
Cash 6300
(8elng seLLlemenL of wages payable)
8enLal expense !02 1000
8enLal payable 1000
(8elng recognlzed of renLal expense)
uepreclaLlon expenselurnlLure !03 1300
uepreclaLlon expenseLqulpmenL 8000
uepreclaLlon expense8ulldlng 3223
AccumulaLed depreclaLonlurnlLure 1300
AccumulaLed depreclaLonLqulpmenL 8000
AccumulaLed depreclaLon8ulldlng 3223
(8elng recorded of depreclaLlon expense)
uLlllLles expense !04 360
uLlllLles payable 360
(8elng recognlzed of uLlllLles expense)
22783 22783
Sales revenue 233400
AdverLlslng expenses 9330
8enLal expenses 9700
uLlllLles expense 3810
Wages expenses 87330
CosL of good sold 113030
roperLy Lax expense 2300
CLher expenses 2800
uepreclaLlon expenselurnlLure 1300
uepreclaLlon expenseLqulpmenL 8000
uepreclaLlon expense8ulldlng 3223
Loss summary 8083
243483 243483
8eLalned earnlng 8083
lncome sLaLemenL 8083
Arabe||a Lnterpr|se
Ior the year ended 31 December 2002
Genera| [ourna|
Input Sect|on
Arabe||a Lnterpr|se
Account|ng cyc|es comp|et|on
Ior the year ende 31 December 2002
AccounL LqulpmenL AccounL no 1
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 40000
AccounL 8eLalned earnlngs AccounL no 2
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance 13400
Ad[usmenL 8083 8083
8alance c/f 23483
AccounL AdverLlslng expenses AccounL no 3
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 9330
AccounL lurnlLure AccounL no 4
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 13000
AccounL 8enLal expenses AccounL no 3
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance 8700
Ad[usmenL 1000 1000
8alance c/f 9700
AccounL AccounL recelvable AccounL no 6
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 6300
AccounL uLlllLles expense AccounL no 7
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance 3230
Ad[usmenL 360 360
3810
AccounL lnvenLory AccounL no 8
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 146000
AccounL CaplLal sLock AccounL no 9
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 100000
AccounL Cash AccounL no 10
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance 16230
Ad[usmenL 6300 6300
8alance c/f 9730
AccounL MorLgage payable AccounL no 11
8ef
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 79300
AccounL noLes recelvable AccounL no 12
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 6000
uaLe lLem
uaLe lLem
Ad[usmenL 8alance
AccounL AccounL payable AccounL no 13
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 19600
AccounL Wages expenses AccounL no 14
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 87330
AccounL 8ulldlng AccounL no 13
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 104300
AccounL noLes payable AccounL no 16
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 190300
AccounL Land AccounL no 17
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 87830
AccounL CosL of good sold AccounL no 18
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 113030
AccounL roperLy Lax expense AccounL no 19
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 2300
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
AccounL Wages payable AccounL no 20
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance 9100
Ad[usmenL !01 6300 6300
2600
AccounL CLher expenses AccounL no 21
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 2800
AccounL Sales revenue AccounL no 22
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 8alance c/f 233400
AccounL 8enLal payable AccounL no 23
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !02 1000 1000
8alance c/f 1000
AccounL uepreclaLlon expenselurnlLure AccounL no 24
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usLmenL !03 1300 1300
8alance c/f 1300
AccounL uepreclaLlon expenseLqulpmenL AccounL no 23
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !03 8000 8000
8alance c/f 8000
AccounL uepreclaLlon expense8ulldlng AccounL no 26
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !03 3223 3223
8alance c/f 3223
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
AccounL AccumulaLed depreclaLonlurnlLure AccounL no 27
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !03 1300 1300
8alance c/f 1300
AccounL AccumulaLed depreclaLonLqulpmenL AccounL no 28
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !03 8000 8000
8alance c/f 8000
AccounL AccumulaLed depreclaLon8ulldlng AccounL no 29
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !03 3223 3223
8alance c/f 3223
AccounL uLlllLles payable AccounL no 30
8ef
!ournal ueblL (8M) CredlL (8M) ueblL (8M) CredlL (8M)
2002
uec 31 Ad[usmenL !04 360 360
8alance c/f 360
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
uaLe lLem
Ad[usmenL 8alance
rocess Sect|on
Deb|t (kM) Cred|t (kM) Deb|t (kM) Cred|t (kM) Deb|t (kM) Cred|t (kM) Deb|t (kM) Cred|t (kM) Deb|t (kM) Cred|t (kM)
LqulpmenL 40000 40000 40000
8eLalned earnlngs 13400 13400 7313
AdverLlslng expenses 9330 9330 9330
lurnlLure 13000 13000 13000
8enLal expenses 8700 1000 9700 9700
AccounL recelvable 6300 6300 6300
uLlllLles expense 3230 360 3810 3810
lnvenLory 146000 146000 146000
CaplLal sLock 100000 100000 100000
Cash 16230 6300 9730 9730
MorLgage payable 79300 79300 79300
noLes recelvable 6000 6000 6000
AccounL payable 19600 19600 19600
Wages expenses 87330 87330 87330
8ulldlng 104300 104300 104300
noLes payable 190300 190300 190300
Land 87830 87830 87830
CosL of good sold 113030 113030 113030
roperLy Lax expense 2300 2300 2300
Wages payable 9100 6300 2600 2600
CLher expenses 2800 2800 2800
Sales revenue 233400 233400 233400
8enLal payable 1000 1000 1000
uepreclaLlon expenselurnlLure 1300 1300 1300
uepreclaLlon expenseLqulpmenL 8000 8000 8000
uepreclaLlon expense8ulldlng 3223 3223 3223
AccumulaLed depreclaLonlurnlLure 1300 1300 1300
AccumulaLed depreclaLonLqulpmenL 8000 8000 8000
AccumulaLed depreclaLon8ulldlng 3223 3223 3223
uLlllLles payable 360 360 360
649100 649100 22783 22783 638883 638883 243483 233400 413400 413400
neL loss 8083
243483
8eLalned earnlngs 13400
neL loss (8083)
neL reLalned earnlngs 7313
8a|ance Sheet
Account
1r|a| 8a|ance Ad[usment Ad[usted 1r|a| 8a|ance Income Statement
Cutput sect|on
kM kM
Sales revenue 233400
Less CosL of good sold (113030)
Cross proflL 122330
Less operaLlng expenses
AdverLlslng expenses 9330
8enLal expenses 9700
uLlllLles expense 3810
Wages expenses 87330
roperLy Lax expense 2300
CLher expenses 2800
uepreclaLlon expenselurnlLure 1300
uepreclaLlon expenseLqulpmenL 8000
uepreclaLlon expense8ulldlng 3223 130433
roflL/(Loss) from operaLlon (8083)
Arabe||a Lnterpr|se
Income Statements for the year ended 31 December 2002
Cutput sect|on
kM kM
Non Current Asset
Land 87830
LqulpmenL 40000
Less AccumulaLed depreclaLonLqulpmenL (8000) 32000
lurnlLure 13000
Less AccumulaLed depreclaLonlurnlLure (1300) 13300
8ulldlng 104300
Less AccumulaLed depreclaLon8ulldlng (3223) 99273
232623
Current Asset
AccounL recelvable 6300
lnvenLory 146000
Cash 9730
noLes recelvable 6000 168030
1oLal asseLs 400673
Current L|ab|||t|es
MorLgage payable 79300
AccounL payable 19600
noLes payable 190300
Wages payable 2600
8enLal payable 1000
uLlllLles payable 360 293360
Cwners Lqu|ty
CaplLal sLock 100000
8eLalned earnlngs 7313 107313
1oLal llablllLles and equlLy 400673
Arabe||a Lnterpr|se
8a|ance sheet as at 31 December 2002