CCH Accounts Production

Transcription

1 CCH Accounts Production Limited Company Accounts e-learning Case Study Information Fee Protection Software Magazines Professional Development

2 Disclaimer CCH Software has made every effort to ensure the accuracy and completeness of this Training Manual. However, CCH Software, its staff and agents will not be liable for any errors or omissions and use of the software is subject to the customer s licence with CCH Software. This Training Manual should not be relied upon as a detailed specification of the system or the software. CCH Software may make changes to this Training Manual from time to time. Copyright This Training Manual may not be copied, altered, edited, disposed of or distributed without the prior consent of CCH Software. The content is confidential Unless indicated otherwise all other elements of this software production are owned by Wolters Kluwer (UK) Ltd 2012 Wolters Kluwer (UK) Limited (trading as CCH Software) UNITED KINGDOM Trademark Rights Microsoft, Windows, Windows NT, Windows for Workgroups, Windows 98, 2000, XP, MS-DOS, Windows Vista, Windows 7, Windows Server, Microsoft SQL Server, and Microsoft Office, are either registered trademarks or trademarks of Microsoft Corporation. Novell and NetWare are trademarks of Novell Inc. Citrix MetaFrame is a registered trademark or trademarks of Citrix Systems, Inc., All rights reserved. All other trademarks are the property of their respective owners. CCH Software 145 London Road, Kingston upon Thames, Surrey KT2 6SR UNITED KINGDOM

3 Contact Details Website Kingston 145 London Road Telephone: Kingston Upon Thames Facsimile: Surrey KT2 6SR Customer Care & Support Telephone: Website: Ireland CCH Software Ireland Ltd First Floor Unit 7B Global House Forest Park Mullingar Co Westmeath Telephone: Republic of Ireland Facsimile: Customer Care & Support Telephone:

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5 Contents Limited Company Case Study Contents 1 About this Workbook 3 Aims 3 Objectives 3 Pre-Requisites 3 Who should complete this course? 3 Case Study Scenario 3 Entering details on the Add New Client Wizard 4 Checks required 5 Printing the Chart of Accounts 6 Coding the Trial balance 6 AP Training Limited 7 Posting the trial balance 10 Printing a trial balance 11 Changing descriptions of Nominals 11 Final stages after entering a trial balance 11 Entering Officer s 12 Entering Addresses 13 Entering Statutory Database entries 15 Hints and Tips 15 Statutory Database entries to be completed 15 Notes to the Accounts 17 Final stages after completing the Database 18 Year End Procedures 20 3 Digits and 4 Digits Trial balances 21 AP Training Limited - Balances as at 31 st March 20XX 3 Digits 21 Key Nominal Codes for Statutory Accounts 28 3 Digit Chart of Accounts - Small Company 28 3 Digit Chart of Accounts - Large Company 32 4 Digit Chart of Accounts - Small Company 37 4 Digit Chart of Accounts - Large Company 42 Chart of Account Limited Companies 48 3 Digit 48 CCH AP e-learning - Limited Company Case Study 1

6 4 digit 49 Chart of Account - Non Limited Companies 49 3 Digit 49 4 digit 49 2 CCH AP e-learning - Limited Company Case Study

7 1 - Introduction About this Workbook Aims To provide you with an understanding of how to enter a trial balance through CCH Accounts Production and complete the Statutory Database. This workbook is to be used in conjunction with the Accounts Production e-learning course. Objectives After completing this course delegates will be able to: Pre-Requisites Complete the Statutory Database. Preview a set of accounts. It is expected all delegates on this course have: A good understanding of Accounts. Completed the CCH Accounts Production set-up and data entry e-learning course. Who should complete this course? This e-learning course is intended for anyone who will be completing the Statutory Database and producing a set of financial statements for a Limited Company. After completing the Accounts Production e-learning module undertake this case study, it is designed to enable you to produce a set of Limited Company accounts using CCH Accounts Production. Case Study Scenario AP Training Limited is a small Limited company, which has been trading for a few years. A trial balance has been prepared, which you have reviewed and updated with adjustments. Assuming you have completed your review of the trial balance figures, you should proceed to set up the Limited company client. CCH AP e-learning - Limited Company Case Study 3

8 3 - Client Creation After completing the Accounts Production e-learning module as part of the course enter the following new client s details for the Limited Company, in CCH Accounts Production. Entering details on the Add New Client Wizard You are required to create a new client your firm has acquired, by entering the following information: Tip: Please note all the fields have not been listed below for the creation of the client as some may be specific to your firm s software. Tip: Please note some firms may already have the client set up. If this is the case then you will have to set up the accounting period and the relevant addresses. Main Details Tab Information: Contact Type: Business Type: Code: Last Name: Extra Field Tab: Year End: Limited As appropriate APT 001 (or your own unique one) AP Training Limited Choose as appropriate 31/03/20XX Accounts Tab Information: Radio Button: Type: Entity: Master Pack: Chart: Year Start: Year End: Theme: Registration No: Country of Incorporation: Create accounting data for this client Company UK Limited Choose as appropriate Choose as appropriate (3 Digits or 4 Digits) 01/04/20XX 31/03/20XX Choose as appropriate Can be completed later Choose as appropriate 4 CCH AP e-learning - Limited Company Case Study

9 Checks required The current Accounting period has been set up correctly. The previous Accounting period has been set up correctly to enter comparative figures. The client record tabs have been set up in the correct way, add any fields as appropriate. You have familiarised yourself with the Home page once you have loaded the client in Accounts module. Areas such as Errors and Exceptions should be looked at. CCH AP e-learning - Limited Company Case Study 5

10 4 - Entering the trial balance Printing the Chart of Accounts Required Print out the chart of accounts from the appropriate area within CCH Accounts Production. This assists you to code up the trial balance shown below. Ensure the charts of accounts you print out are relevant. These should be either 3 or 4 digits in length for a Limited Company. The Chart of accounts can also be exported to excel if preferred. Coding the Trial balance Required Review the trial balance below. Using the chart of accounts you have just printed, physically code up the trial balance below by noting down the codes beside the trial balance transactions. Note the expenses shown on the trial balance are administration expenses. Alternatively, you could download a trial balance and import it into CCH Accounts Production. Please note the file structure must be set up in Central by an administrator prior to importing the CVS file. The instructions and csv files located under the following path: (You may need to copy and paste the link into your browser) 6 CCH AP e-learning - Limited Company Case Study

11 AP Training Limited Trial Balances as at 31 st March 20XX 20XX 20XX Sales class 1 - UK 5,897,820 4,790,376 Opening stock of finished goods 397, ,908 Purchases 2,982,312 2,493,324 Closing stock of finished goods 447, ,020 Wages and salaries (excl. N.I.) 597, ,916 Directors' remuneration 633, ,760 Employer's N.I. contributions 26,796 19,872 Directors' pension costs 12,000 3,996 Rent re operating leases 1,005, ,592 Rates 8,588 Insurance 32,724 22,284 Light and heat 47,064 38,400 Cleaning 6,960 Repairs and maintenance 12,954 10,752 Printing, postage and stationery 34,692 30,024 Telephone 22,198 28,344 Computer running costs 10,200 1,620 Hire of equipment 936 Motor running expenses 24,916 40,944 Travelling expenses 12,508 20,472 Entertaining - allowable 24,516 Legal and prof fees - allowable 6,972 27,876 Consultancy fees 60,000 Accountancy 79,548 58,740 Bank charges 51,492 53,364 Credit card charges 15,516 CCH AP e-learning - Limited Company Case Study 7

12 20XX 20XX Bad and doubtful debts 103,440 Profit/loss on foreign currency 6,600 Sundry expenses - allowable 32,088 29,112 Amortisation on short leasehold 48,000 48,000 Depreciation on FF & E 13,440 14,760 Depreciation on motor vehicles 37,416 28,740 Profits/losses on disp of tangibles 15,228 Rent receivable 60,468 69,996 e.g. Profit on sale of property 320,856 Bank interest paid 28,944 35,712 Non-bank interest paid on loans >5yrs 15,600 18,720 Hire purchase interest paid 9,336 9,516 Corporation tax charge/credit current yr 372 Corporation tax adjust re previous year 13,044 Origination and reversal of timing differences 7,992 Final dividends proposed - ord shares 7,200 Short leasehold cost or valuation b/f 1,248,000 1,248,000 Short leasehold acc amortisation b/f 96,000 48,000 Short leasehold amortisation charge 48,000 48,000 FF & E cost b/f 439, ,540 FF & E additions at cost 49,380 8,388 FF & E cost of disposals 100,488 FF & E acc depn b/f 398, ,172 FF & E depn charge 13,440 7,320 FF & E dep elim on disps 100,488 Motor vehicles cost b/f 222, ,540 Motor vehicles additions at cost 116,340 Motor vehicles cost of disposals 133,740 8 CCH AP e-learning - Limited Company Case Study

13 20XX 20XX Motor vehicles acc depn b/f 114,012 77,832 Motor vehicles depn charge for period 37,416 36,180 Motor vehicles depn elim on disposals 58,512 Finished goods 447, ,020 Trade debtors 246, ,336 Other debtors 40,836 94,428 Income tax recoverable 4,788 Prepayments ,508 Bank current account 1 22,020 27,792 Bank current account 2 3,600 40,080 Bank deposit a/c 1 540, ,000 Petty cash account Bank loan 1 payable <1 year b/f 24,000 24,000 Trade creditors 718, ,808 Corporation tax payable 5,460 76,680 Corporation tax paid 5,460 71,220 Equity dividends payable (b/fwd or prop) 7,200 V.A.T. control account 17,160 14,496 P.A.Y.E. control account 38,676 28,464 H.P. liability payable within one year 37,308 30,000 Director's current account 290, ,048 Director's current account 191,280 15,864 Accruals 55,344 Long term bank loan balance b/f 144, ,000 Long term bank loan repayments 24,000 24,000 Long term H.P. liability balance b/f 41,124 48,000 Deferred tax re capital allowances b/f 7,992 7,992 Ordinary share capital class 1 b/f 24,012 24,012 Retained profit 1,028, ,372 CCH AP e-learning - Limited Company Case Study 9

14 20XX 20XX 9,827,280 9,827,280 8,984,796 8,984,796 Posting the trial balance Required Check The trial balance should have already been coded and ready for posting into CCH Accounts Production. Use an appropriate method to post the trial balance you have coded. If the trial balance has been imported then you do not need to code and post the trial balance. You understand how to post opening balances, Journals and reversing entry journals. You understand how to post the comparative year trial balance entries. You understand the difference between the Post and save button. You understand the difference between the Dr/Cr mode when it is either switched on or off. You understand how to change an incorrectly posted transaction through the view transaction icon. You understand what a Restatement journal is used for. You understand how you create a new nominal code whilst you may be half way through posting a trial balance. You understand how you can Swap the positioning of the columns around in the Journals screen. I.e. swapping of the Amount and the Nominal Analysis column around. You understand you can change a nominal code account from the trial balance if this has been miss-posted to the incorrect nominal code. You are aware of the short cut keys. 10 CCH AP e-learning - Limited Company Case Study

15 Printing a trial balance Required Preview the trial balance. Print out the trial balance. From the trial balance window ensure you know how to drill down into a transaction and edit the Nominal codes. Ensure you are familiar with all features on the trial balance window such as previewing schedules, nominal ledger, filters, exporting to excel. Ensure you are familiar with entering comparative figures before you complete this section. Changing descriptions of Nominals Required Ensure you change the Sales Class 1 UK description appears on the Accounts and the trial balance to Turnover. Tip There is only one description type. Final stages after entering a trial balance Check Review your trial balance. Ensure the transactions on the trial balance have been coded to the correct nominal codes. Make any necessary changes, if required, before proceeding to the next stage. Ensure you know how to post a Restatement journal. Ensure you can view your comparative figures. Ensure you know how to access the previous financial year. CCH AP e-learning - Limited Company Case Study 11

16 5 Officers and Addresses Entering Officer s Required Ensure you enter the names of the officers. Ensure you have entered all other details required in this screen. Ensure you have selected and checked the appropriate signatories. Please enter the information as shown below. Director Appointed Resigned J Bells 28/11/20XX S Claus M Toe J Frost 02/04/20XX Check You understand if the officer is not already in the list it will need to be set up as a contact. Ensure you are familiar with the officer s screen. Ensure you are familiar with how to enable the signatory for the Directors report and the Balance sheet. 12 CCH AP e-learning - Limited Company Case Study

17 Entering Addresses Note: Please note to create the Registered address and the Business address, these Address Types must already be set up in Central. Also before Addresses are entered in the system, you need to determine if the address is coming from an Association/Relationship or via an Address type. You may need to contact the administrator in your firm if this is not set up. Required Ensure you enter the addresses appropriately on both the Addresses tab and the Associated tab. Ensure you chose the correct Association type e.g. has auditor of etc. when setting up the addresses on the associated tab. If the address is already present on the associated tab or address tab as required then it does not need to be entered again. Business Address: Address Type: Address: Town: County: Post Code: Start Date: Business Address (or enter as appropriate) 158 Coles Green Road Shortcombe Borsetshire LO17 3RF 01/04/20XX or before Registered Office Address: Address Type: Registered Address (or enter as appropriate) Address: 7 Station Road Town: Longhampton County: Borsetshire Post Code: LO5 6AG Start Date: 01/04/20XX or before CCH AP e-learning - Limited Company Case Study 13

18 Auditors Address: Association Type: Name: Address: Town: County: Post Code: Start Date: has auditor of Tick, Bash & Cast 7 Station Road Longhampton Borsetshire LO5 6AG 01/04/20XX or before Bankers Address: Association Type: Name: Address: Town: County: Post Code: Start Date: has bank/bs of (accts Prod) Bearings Bank plc 7 Station Road Longhampton Borsetshire LO5 6AG 01/04/20XX or before Check Ensure the address dates are at least on or prior to the financial year or in some cases can be left blank. Ensure your addresses appear as required on the previewed set of accounts. 14 CCH AP e-learning - Limited Company Case Study

19 6 - Database Entries Entering Statutory Database entries Hints and Tips Ensure you are familiar how to enter information in the Statutory Database such as: Text typed in the fields on the Statutory Database. Ensure you are familiar with the search facility in the statutory database. Ensure you are familiar with the code field in the statutory database. Ensure you are familiar with the Custom paragraph nodes section. Ensure you know how to revert a paragraph back to the master. Ensure you are familiar with the collapse tree option. Picking Paragraphs from the Master paragraph check-box fields. Aware of the Red and Blue no circle signs. (Generally in Limited Companies). Ensure you understand the red circle filed can be disclosed even though the disclosure may not be required for the size of the company in question. How to change the Asset type headings in the Statutory Database in order to make it specific to the client being worked on. Statutory Database entries to be completed Required You are required to enter the information provided below into the Statutory Database in order to produce a full set of Financial Accounts. Load up the Statutory Database by clicking on the appropriate icon. Fill in the appropriate information into the relevant area in the Statutory Database. AP Training Limited Company - Statutory Database entries & Other entries CCH AP e-learning - Limited Company Case Study 15

20 Company Number: (Registered in England & Wales) Information for the Directors Report Principal Activity The principal activity of the company in the year under review was that of Developing & Implementing training requirements. Retirements J Bells retired from his post as director due to his health and wants to wish the company the best in the years to come. Auditors The company has adopted an elective resolution in respect of its auditors. Publication on the internet The Directors are responsible for the maintenance and integrity of the company website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Accounting Policies You have been provided with the following information in respect of the company s accounting policies: 1. There have been no revaluations in the year and all of the company s activities are continuing. 2. The company provides both goods and services. 3. The depreciation rates for the company s assets are as follows: Leasehold property - Straight line over the life of the lease. Fixtures, fittings and equipment 20% Straight Line. Motor vehicles - 25% Straight Line. 4. The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable. 16 CCH AP e-learning - Limited Company Case Study

21 Notes to the Accounts 1. Taxation Taxation has not yet been provided (the applicable rate should be 20% for 20XX and 20% 20XX). Extract from tax working papers: 20XX 20XX Non deductible expenses 5,069 4,726 Depreciation add back 13,878 9,134 Capital allowances (17,229) (11,190) Tax losses utilised (27,676) Director s remuneration adjustment (6,300) (13,719) Other tax adjustments (2,095) (1,155) 2. Assets held under Hire Purchase are as follows: Net Book Value Depreciation 20XX 20XX 20XX 20XX Motor vehicles 61,080 89,448 28,356 34,500 Fixtures, fitting & equipment 24,840 4,500 Hire purchase repayments: Car FF&E Car (20XX) Due within one year 30,000 7,308 30,000 Between 2-5 years 30,000 21,924 60,000 Interest included above 6,000 4,800 12, Creditors Less than One Year The bank overdraft is secured by a floating charge over the assets of the company. 4. Bank Loan The bank loan is secured by a fixed charge on the leasehold property. It is repayable in annual instalments of 24,000, at a rate of 2% above the Bank of England basic rate and is repaid in full by Note: For the purposes of FRS4 the loans above can be considered to fall due within the following time periods: Bank overdraft Bank loan Repayable on demand 24,000 p.a. over the next six years 5. Pensions (Balance Sheet Notes) and Profit and Loss notes The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. CCH AP e-learning - Limited Company Case Study 17

22 6. Share Capital Authorised share capital is ordinary shares of 1 each. 7. Contingent Liabilities A fault at design time caused one of training implementations not to run correctly. 8. Operating Leases The company has an operating lease on the property. The lease runs for another 10 years with an annual commitment of 900, Directors Remuneration Benefits in Kind: 20XX 20XX 10. Directors pension benefits 125, ,720 Number of directors for whom pension benefits are accruing under defined contribution schemes were 3 (20XX 3). 11. Ultimate controlling party The ultimate controlling party is S Claus as he held 51% of the share capital during the year. 12. Audit Ethical Standards In common with many businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the statutory accounts. Balance Sheet Notes Tangible Assets Free format Text The two types of assets the Limited Company holds are Fixtures, Fittings and Equipment and Motor vehicles. Final stages after completing the Database Check It is very important you run the exception report. This shows the possible outstanding areas that have not been completed. This applies only to Limited companies and Charities. Ensure you have completed all the necessary sections. Ensure you do not have any unnecessary paragraphs in the Statutory Database. The accounts should be previewed in order to sieve out any information on the accounts not required. The correct officers and addresses have been set up in the correct section of the client. 18 CCH AP e-learning - Limited Company Case Study

23 7 - Accounts Preview and Printing When all the data has been entered in the trial balance and Statutory Database respectively the Accounts can now be reviewed and if required they can be amended to the final stage. Required Print or Preview the Lead schedules. Print or Preview the Management information pages. Print or Preview the relevant Nominal ledger accounts and schedules. Print or Preview a full set of accounts. Review your Accounts critically. Create a PDF copy of the Accounts and save to the desktop with an appropriate filename. (Ask senior before doing this). CCH AP e-learning - Limited Company Case Study 19

24 8 - Year End Year End Procedures The Year End procedures should ideally be carried out under the supervision of an experienced CCH Accounts Production user. Required Ensure you have generated a copy of your Final accounts for archive purposes. Perform the Year End on your dataset on CCH Accounts Production you have produced from this Workbook. Choose the relevant options as each Year-end procedure may require different options to be chosen from the Year-end window. Review you dataset after you have rolled into the new financial year by going into it. Ensure you understand the option create prior year. If required use the Finalise accounts section instead. 20 CCH AP e-learning - Limited Company Case Study

25 Appendix A - Trial Balances 3 Digits and 4 Digits Trial balances Described below is a completed trial balance for a 3 digit and a 4 digit with the codes listed for your reference. AP Training Limited - Balances as at 31 st March 20XX 3 Digits 20XX 20XX 001 Sales class 1 UK 5,897,820 4,790, Opening stock of finished goods 397, , Purchases 2,982,312 2,493, Closing stock of finished goods 447, , Wages and salaries (excl. N.I.) 597, , Directors' remuneration 633, , Employer's N.I. contributions 26,796 19, Directors' pension costs 12,000 3, Rent re operating leases 1,005, , Rates 8, Insurance 32,724 22, Light and heat 47,064 38, Cleaning 6, Repairs and maintenance 12,954 10, Printing, postage and stationery 34,692 30, Telephone 22,198 28, Computer running costs 10,200 1, Hire of equipment Motor running expenses 24,916 40,944 CCH AP e-learning - Limited Company Case Study 21

26 20XX 20XX 361 Travelling expenses 12,508 20, Entertaining - allowable 24, Legal and prof fees - allowable 6,972 27, Consultancy fees 60, Accountancy 34,548 28, Audit fees 45,000 30, Bank charges 51,492 53, Credit card charges 15, Bad and doubtful debts 103, Profit/loss on foreign currency 6, Sundry expenses - allowable 32,088 29, Amortisation on short leasehold 48,000 48, Depreciation on FF & E 13,440 14, Depreciation on motor vehicles 37,416 28, Profits/losses on disp of tangibles 15, Rent receivable 60,468 69,996 40O e.g. Profit on sale of property 320, Bank interest paid 28,944 35, Non-bank interest paid on loans >5yrs 15,600 18, Hire purchase interest paid 9,336 9, Corporation tax charge/credit current yr Corporation tax adjust re previous year 13, Origination and reversal of timing differences 7, Final dividends proposed - ord shares 7, Short leasehold cost or valuation b/f 1,248,000 1,248, CCH AP e-learning - Limited Company Case Study

27 20XX 20XX 645 Short leasehold acc amortisation b/f 96,000 48, Short leasehold amortisation charge 48,000 48, FF & E cost b/f 439, , FF & E additions at cost 49,380 8, FF & E cost of disposals 100, FF & E acc depn b/f 398, , FF & E depn charge 13,440 7, FF & E dep elim on disps 100, Motor vehicles cost b/f 222, , Motor vehicles additions at cost 116, Motor vehicles cost of disposals 133, Motor vehicles acc depn b/f 114,012 77, Motor vehicles depn charge for period 37,416 36, Motor vehicles depn elim on disposals 58, Finished goods 447, , Trade debtors 246, , Other debtors 40,836 94,428 73N Income tax recoverable 4, Prepayments , Bank current account 1 22,020 27, Bank current account 2 3,600 40,080 77K Bank deposit a/c 1 540, , Petty cash account K Bank loan 1 payable <1 year b/f 24,000 24, Trade creditors 718, , Corporation tax payable 5,460 76, Corporation tax paid 5,460 71,220 CCH AP e-learning - Limited Company Case Study 23

28 20XX 20XX 841 Equity dividends payable (b/fwd or prop) 7, V.A.T. control account 17,160 14, P.A.Y.E. control account 38,676 28, H.P. liability payable within one year 37,308 30, Director's current account 290, , Director's current account 191,280 15, Accruals 55, Long term bank loan balance b/f 144, , Long term bank loan repayments 24,000 24, Long term H.P. liability balance b/f 41,124 48, Deferred tax re capital allowances b/f 7,992 7, Ordinary share capital class 1 b/f 24,012 24, Retained profit 1,028, ,372 9,827,280 9,827,280 8,984,796 8,984,796 AP Training Limited - Balances as at 31 st March 20XX 4 Digits 20XX 20XX 1001 Sales class 1 - UK 5,897,820 4,790, Opening stock of finished goods 397, , Purchases 2,982,312 2,493, Closing stock of finished goods 447, , Wages and salaries (excl. N.I.) 597, , Directors' remuneration 633, , Employer's N.I. contributions 26,796 19, Directors' pension costs 12,000 3, CCH AP e-learning - Limited Company Case Study

29 20XX 20XX 2470 Rent re operating leases 1,005, , Rates 8, Insurance 32,724 22, Light and heat 47,064 38, Cleaning 6, Repairs and maintenance 12,954 10, Printing, postage and stationery 34,692 30, Telephone 22,198 28, Computer running costs 10,200 1, Hire of equipment Motor running expenses 24,916 40, Travelling expenses 12,508 20, /00 Entertaining - allowable 24, /00 Legal and prof fees - allowable 6,972 27, Consultancy fees 60, Accountancy 34,548 28, Audit fees 45,000 30, Bank charges 51,492 53, Credit card charges 15, Bad and doubtful debts 103, Profit/loss on foreign currency 6, /00 Sundry expenses - allowable 32,088 29, Amortisation on short leasehold 48,000 48, Depreciation on FF & E 13,440 14, Depreciation on motor vehicles 37,416 28, Profits/losses on disp of tangibles 15, Rent receivable 60,468 69, e.g. Profit on sale of property 320, Bank interest paid 28,944 35,712 CCH AP e-learning - Limited Company Case Study 25

30 20XX 20XX 3450 Non-bank interest paid on loans >5yrs 15,600 18, Hire purchase interest paid 9,336 9, Corporation tax charge/credit current yr Corporation tax adjust re previous year 13, Origination and reversal of timing differences 7, /10 Final dividends proposed - ord shares 7, Short leasehold cost or valuation b/f 1,248,000 1,248, Short leasehold acc amortisation b/f 96,000 48, Short leasehold amortisation charge 48,000 48, FF & E cost b/f 439, , FF & E additions at cost 49,380 8, FF & E cost of disposals 100, FF & E acc depn b/f 398, , FF & E depn charge 13,440 7, FF & E dep elim on disps 100, Motor vehicles cost b/f 222, , Motor vehicles additions at cost 116, Motor vehicles cost of disposals 133, Motor vehicles acc depn b/f 114,012 77, Motor vehicles depn charge for period 37,416 36, Motor vehicles depn elim on disposals 58, Finished goods 447, , Trade debtors 246, , Other debtors 40,836 94, CCH AP e-learning - Limited Company Case Study

31 20XX 20XX 6260 Income tax recoverable 4, Prepayments , Bank current account 1 22,020 27, Bank current account 2 3,600 40, Bank deposit a/c 1 540, , Petty cash account Bank loan 1 payable <1 year b/f 24,000 24, Trade creditors 718, , Corporation tax payable 5,460 76, Corporation tax paid 5,460 71, Equity dividends payable (b/fwd or prop) 7, V.A.T. control account 17,160 14, P.A.Y.E. control account 38,676 28, H.P. liability payable within one year 37,308 30, /01 Director's current account 290, , /03 Director's current account 191,280 15, Accruals 55, Long term bank loan balance b/f 144, , Long term bank loan repayments 24,000 24, Long term H.P. liability balance b/f 41,124 48, Deferred tax re capital allowances b/f 7,992 7, /01 Ordinary share capital class 1 b/f 24,012 24, Retained profit 1,028, ,372 9,827,280 9,827,280 8,984,796 8,984,796 CCH AP e-learning - Limited Company Case Study 27

32 Appendix A - Chart of Accounts Key Nominal Codes for Statutory Accounts Note: If a code number does not appear on these lists it indicates the code has no specific statutory disclosure linked to it, other than to have an impact on the Statutory Profit and Loss Account. 3 Digit Chart of Accounts - Small Company Code Description Detail Notes and Totals Affected by Postings 132 DIRECTORS' REM-CoS Note 8 - Operating profit (directors emoluments) 134 DIRS' DC PEN-CoS Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 Pension costs 135 STAFF PENSION CoS Note 1 - Pensions policy, Note 31 Pension costs 136 DIRECTORS' FEE-CoS Note 8 - Operating profit (directors emoluments) 13B AMTS RE INCENT-CoS Note 8 Operating profit (directors emoluments) 13C DIRS' DB PEN-CoS Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 Pension costs 161 PLANT HIRE-CoS Note 1 - Leasing policy, Note 8 Operating profit (Operating lease rentals plant and machinery) 162 PLANT LEASING-CoS Note 1 - Leasing policy, Note 8 Operating profit (Operating lease rentals - plant and machinery), Note 38 Financial 164 Spare Nominal CoS Note 1 Research and development policy, Note 8 - Operating profit (research and development) 179 CURRENCY P/L-CoS Note 1 - Foreign currency translation policy, Note 8 Operating profit (P/L on foreign exchange transactions) 182 RENT-OP LEASES-CoS Note 1 - Leasing policy, Note 8 Operating profit (operating lease rentals), Note 38 Financial commitments (noncancellable operating leases) 191 INTANG DEPREC-CoS Note 8 - Operating profit (amortisation of intangible assets) 192 F/HOLD DEPREC-CoS Note 8 - Operating profit (depreciation of tangible assets) 193 LONG L/H AMM-CoS Note 8 - Operating profit (depreciation of tangible assets) 194 SHORT L/H AMM-CoS Note 8 - Operating profit (depreciation of tangible assets) 195 PLANT/MCHY DEP-CoS Note 8 - Operating profit (depreciation of tangible assets) 196 FF & E DEPREC CoS Note 8 - Operating profit (depreciation of tangible assets) 28 CCH AP e-learning - Limited Company Case Study

33 Code Description Detail Notes and Totals Affected by Postings 197 MOTOR VEH DEP-CoS Note 8 - Operating profit (depreciation of tangible assets) 198 P/L DISP INTAN-CoS Note 8 Operating profit (P/L on disposal of intangible 199 P/L DISP TANG CoS Note 8 Operating profit (P/L on disposal of tangible 19A Spare Nomina- CoS Note 8 - Operating profit (depreciation of tangible assets) 202 DIRECTORS' REM-DST Note 8 Operating profit (directors emoluments) 204 DIRS' DC PEN-DST Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 Pension costs 205 STAFF PENSION-DST Note 1 - Pensions policy, Note 31 Pension costs 206 DIRECTORS' FEE-DST Note 8 - Operating profit (directors emoluments) 207 LOSS OF OFFICE-DST Note 8 - Operating profit (compensation for loss of office paid to directors) 208 PENS-FORM DIRS-DST Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 - Pension costs 209 PAY 3RD PARTY-DST Note 8 - Operating profit (sums paid to third parties for directors services) 20B AMTS RE INCENT-DST Note 8 - Operating profit (directors emoluments) 20C DIRS' DB PEN-DST Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 - Pension costs 221 RENT-OP LEASES-DST 262 VEHICLE LEASE-DST lease rentals), Note 38 - Financial commitments (noncancellable operating leases) lease rentals plant and machinery), Note 38 Financial 291 INTANG DEPREC-DST Note 8 - Operating profit (amortisation of intangible assets) 292 F/HOLD DEPREC-DST Note 8 - Operating profit (depreciation of tangible assets) 293 LONG L/H AMM-DST Note 8 - Operating profit (depreciation of tangible assets) 294 SHORT L/H AMM-DST Note 8 - Operating profit (depreciation of tangible assets) 295 PLANT/MCHY DEP-DST Note 8 - Operating profit (depreciation of tangible assets) 296 FF & E DEP-DST Note 8 - Operating profit (depreciation of tangible assets) 297 MOTOR VEH DEP-DST Note 8 Operating profit (depreciation of tangible assets) 298 P/L DISP INTAN-DST Note 8 Operating profit (P/L on disposal of intangible 299 P/L DISP TANG-DST Note 8 - Operating profit (P/L on disposal of tangible 29A Spare Nominal DST Note 8 - Operating profit (depreciation of tangible assets) 302 DIRECTORS' REM-ADM Note 8 - Operating profit (directors emoluments) 304 DIRS' DC PEN-ADM Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 Pension costs 305 STAFF PENSION-ADM Note 1 - Pensions policy, Note 31 Pension costs 306 PENS-FORM DIRS-ADM Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 - Pension costs 307 DIRECTORS' FEE-ADM Note 8 - Operating profit (directors emoluments) CCH AP e-learning - Limited Company Case Study 29

34 Code Description Detail Notes and Totals Affected by Postings 308 LOSS OF OFFICE-ADM Note 8 - Operating profit (compensation for loss of office paid to directors) 30A PAY 3RD PARTY-ADM Note 8 - Operating profit (sums paid to third parties for directors services) 30B AMTS RE INCENT-ADM Note 8 - Operating profit (directors emoluments) 30C DIRS' DB PEN-ADM Note 1 - Pensions policy, Note 8 Operating profit (directors emoluments), Note 31 - Pension costs 321 RENT-OP LEASES-ADM 348 EQUIP LEASING-ADM 349 VEHICLE LEASE-ADM lease rentals), Note 38 - Financial commitments (noncancellable operating leases) lease rentals - plant and machinery), Note 38 - Financial lease rentals plant and machinery), Note 38 - Financial 364 RESEARCH & DEV-ADM Note 1 - Research and development policy, Note 8 - Operating profit (research and development) 369 AUDIT FEES-ADM Note 8 - Operating profit (Auditors remuneration) 377 CURRENCY P/L-ADM Note 1 - Foreign currency translation policy, Note 8 - Operating profit (P/L on foreign exchange translations) 391 INTANG DEPREC-ADM Note 8 Operating profit (amortisation of intangible assets) 392 F/HOLD DEPREC-ADM Note 8 - Operating profit (depreciation of tangible assets) 393 LONG L/H AMM-ADM Note 8 - Operating profit (depreciation of tangible assets) 394 SHORT L/H AMM-ADM Note 8 - Operating profit (depreciation of tangible assets) 395 PLANT/MCHY DEP-ADM Note 8 - Operating profit (depreciation of tangible assets) 396 FF & E DEPREC-ADM Note 8 - Operating profit (depreciation of tangible assets) 397 MOTOR VEH DEP-ADM Note 8 - Operating profit (depreciation of tangible assets) 398 P/L DISP INTAN-ADM Note 8 Operating profit (P/L on disposal of intangible 399 P/L DISP TANG-ADM Note 8 Operating profit (P/L on disposal of tangible 39A SPARE NOMINAL-ADM Note 8 - Operating profit (depreciation of tangible assets) 404 GOVT GRANTS REC'D Note 1 Government grants policy, Note 8 Operating profit (Government grants) 40D EXCHANGE GAINS-OOI Note 1 Foreign currency translation policy, Note 8 Operating profit (P/L on foreign exchange transactions) 411 BANK INT REC RCD Note 9 Investment income (Bank interest received) 412 BANK INT REC RBL Note 9 Investment income (Bank interest received) 415 OTHER INT RCD Note 9 Investment income (Other interest received) 416 OTHER INT REC RBL Note 9 Investment income (Other interest received) 424 INT-SUBSID RBL Note 9 Investment income (Income from subsidiary 425 INT-SUBSID RCD Note 9 Investment income (Income from subsidiary 30 CCH AP e-learning - Limited Company Case Study

35 Code Description Detail Notes and Totals Affected by Postings 426 INT-PARTIC INT RCD Note 9 Investment income (Income from participating 427 INT-PARTIC INT RBL Note 9 Investment income (Income from participating 428 LIST INV INT RCD Note 9 Investment income (Income from listed 429 UNL INV INT RCD Note 9 Investment income (Income from unlisted 42A LISTED INV INT RBL Note 9 Investment income (Income from listed 42B UNLISTED INV INT RBL Note 9 Investment income (Income from unlisted 431 DIVS RCD GRP UNDS Note 9 Investment income (Income from subsidiary 432 DIVS RCD PART INT Note 9 Investment income (Income from participating 433 LI INV DIVS RCD FII Note 9 Investment income (Income from listed 434 UL INV DIVS RCD FII Note 9 Investment income (Income from unlisted 435 DIVS RBL FROM GP UND Note 9 Investment income (Income from subsidiary 436 DIVS RBL FROM P.I.'S Note 9 Investment income (Income from participating 437 LI INVS DIVS RBL-FII Note 9 Investment income (Income from listed 438 UI INVS DIVS RBL-FII Note 9 Investment income (Income from unlisted 442 P/L-DISP LIST INV Note 9 Investment income (Profit/loss on disposal of listed investments) 443 P/L-DISP UNLST INV Note 9 Investment income (Profit/loss on disposal of unlisted investments) 451 F.A. PERM DIMINT'N Note 10 Amounts written off investments (Fixed asset permanent diminution in value) 452 F.A. TEMP DIMINT'N Note 10 Amounts written off investments (Fixed assets temporary diminution in value) 453 C.A. INV W/OFF Note 10 Amounts written off investments (Current assets) 454 F.A. WRITE BACKS Note 10 Amounts written off investments (Fixed assets written back) 455 C.A. WRITE BACKS Note 10 Amounts written off investments (Current assets written back) 461 GROUP INT PD Note 11 Interest payable (on amounts payable to group companies) 462 GROUP INT PBL Note 11 Interest payable (on amounts payable to group 480 HP INTEREST PBL Note 11 Interest payable (Hire purchase interest) 481 HP INTEREST PD Note 11 Interest payable (Hire purchase interest) 482 LEASE FIN CHGS PD Note 11 Interest payable (Hire purchase interest) 483 LEASE FIN CHG PBL Note 11 Interest payable (Hire purchase interest) 521 EXTRAORD P/L 1 NMF Note 14 Extraordinary items 522 EXTRAORD P/L 2 NMF Note 14 Extraordinary items 523 EXTRAORD P/L 3 NMF Note 14 Extraordinary items 524 EXTRAORD P/L 4 MF Note 14 Extraordinary items 525 EXTRAORD P/L 5 MF Note 14 Extraordinary items 52Z EXTRAORD ITEMS TAX Note 14 Extraordinary items (Attributable taxation) CCH AP e-learning - Limited Company Case Study 31

36 3 Digit Chart of Accounts - Large Company Code Description Detail Notes and Totals Affected by Postings 131 WAGES/SALARIES-CoS Note 42 - Employment costs (Wages and salaries) 132 DIRECTORS' REM-CoS Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (Wages and salaries) 133 EMPLOYER'S NI-CoS Note 42 - Employment costs (Social security costs) 134 DIRS' DC PEN-CoS Note 1 - Pensions policy, Note 31 Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (Other pension costs) 135 STAFF PENSION CoS Note 1 - Pensions policy, Note 31 Pension costs, Note 42 - Employment costs (Other pension costs) 136 DIRECTORS' FEE-CoS Note 40 Directors emoluments (fees paid to directors), Note 42 - Employment costs (Wages and salaries) 13B AMTS RE INCENT-CoS Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (Wages and salaries) 13C DIRS' DB PEN-CoS Note 1 - Pensions policy, Note 31 Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (Other pension costs) 13D REDUNDANCY-CoS Note 42 - Employment costs (Wages and salaries) 161 PLANT HIRE-CoS Note 1 - Leasing policy, Note 38 Financial commitments (non-cancellable operating leases) 162 PLANT LEASING-CoS Note 1 - Leasing policy, Note 8 Operating profit (Operating lease rentals - plant and machinery), Note 38 Financial 164 Spare Nominal CoS Note 1 Research and development policy, Note 8 - Operating profit (research and development) 179 CURRENCY P/L-CoS Note 1 - Foreign currency translation policy, Note 8 Operating profit (P/L on foreign exchange transactions) 182 RENT-OP LEASES-CoS Note 1 - Leasing policy, Note 8 Operating profit (operating lease rentals other assets), Note 38 Financial 191 INTANG DEPREC-CoS Note 8 - Operating profit (amortisation of intangible assets) 192 F/HOLD DEPREC-CoS Note 8 - Operating profit (depreciation of tangible assets) 193 LONG L/H AMM-CoS Note 8 - Operating profit (depreciation of tangible assets) 194 SHORT L/H AMM-CoS Note 8 - Operating profit (depreciation of tangible assets) 195 PLANT/MCHY DEP-CoS Note 8 - Operating profit (depreciation of tangible assets) 196 FF & E DEPREC-CoS Note 8 - Operating profit (depreciation of tangible assets) 197 MOTOR VEH DEP-CoS Note 8 - Operating profit (depreciation of tangible assets) 198 P/L DISP INTAN-CoS Note 8 Operating profit (P/L on disposal of intangible 199 P/L DISP TANG-CoS Note 8 Operating profit (P/L on disposal of tangible 19A Spare Nominal CoS Note 8 Operating profit (depreciation of tangible assets) 201 WAGES/SALARIES-DST Note 42 - Employment 32 CCH AP e-learning - Limited Company Case Study

37 Code Description Detail Notes and Totals Affected by Postings 202 DIRECTORS' REM-DST Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment 203 EMPLOYER'S NI-DST Note 42 - Employment costs (Social security costs) 204 DIRS' DC PEN-DST Note 1 - Pensions policy, Note 31 Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (other pension costs) 205 STAFF PENSION-DST Note 1 - Pensions policy, Note 31 Pension costs, Note 42 - Employment costs (other pension costs) 206 DIRECTORS' FEE-DST Note 40 Directors emoluments (fees paid to directors), Note 42 - Employment 207 LOSS OF OFFICE-DST Note 40 Directors emoluments (compensation for loss of office), Note 42 - Employment 208 PENS-FORM DIRS-DST Note 1 - Pensions policy, Note 31 - Pension costs, Note 40 Directors emoluments (pensions paid to former directors), Note 42 - Employment costs (other pension costs) 209 PAY 3RD PARTY-DST Note 40 Directors emoluments (sums paid to third parties), Note 42 - Employment 20B AMTS RE INCENT-DST Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment 20C DIRS' DB PEN-DST Note 1 - Pensions policy, Note 31 - Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (other pension costs) 20D REDUNDANCY-DST Note 42 - Employment 221 RENT-OP LEASES-DST 262 VEHICLE LEASE-DST lease rentals other assets), Note 38 - Financial lease rentals - plant and machinery), Note 38 Financial 291 INTANG DEPREC-DST Note 8 - Operating profit (amortisation of intangible assets) 292 F/HOLD DEPREC-DST Note 8 - Operating profit (depreciation of tangible assets) 293 LONG L/H AMM-DST Note 8 - Operating profit (depreciation of tangible assets) 294 SHORT L/H AMM-DST Note 8 - Operating profit (depreciation of tangible assets) 295 PLANT/MCHY DEP-DST Note 8 - Operating profit (depreciation of tangible assets) 296 FF & E DEP-DST Note 8 - Operating profit (depreciation of tangible assets) 297 MOTOR VEH DEP-DST Note 8 Operating profit (depreciation of tangible assets) 298 P/L DISP INTAN-DST Note 8 Operating profit (P/L on disposal of intangible 299 P/L DISP TANG-DST Note 8 - Operating profit (P/L on disposal of tangible 29A Spare Nominal DST Note 8 Operating profit (depreciation of tangible assets) 301 WAGES/SALARIES-ADM Note 42 - Employment 302 DIRECTORS' REM-ADM Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment 303 EMPLOYER'S NI-ADM Note 42 - Employment costs (social security costs) CCH AP e-learning - Limited Company Case Study 33

38 Code Description Detail Notes and Totals Affected by Postings 304 DIRS' DC PEN-ADM Note 1 - Pensions policy, Note 31 Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (other pension costs) 305 STAFF PENSION-ADM Note 1 - Pensions policy, Note 31 Pension costs, Note 42 - Employment costs (other pension costs) 306 PENS-FORM DIRS-ADM Note 1 - Pensions policy, Note 31 - Pension costs, Note 40 Directors emoluments (pensions paid to former directors), Note 42 - Employment costs (other pension costs) 307 DIRECTORS' FEE-ADM Note 40 Directors emoluments (fees paid to directors), Note 42 - Employment 308 LOSS OF OFFICE-ADM Note 40 Directors emoluments (compensation for loss of office), Note 42 - Employment 30A PAY 3RD PARTY-ADM Note 40 Directors emoluments (sums paid to third parties), Note 42 - Employment 30B 30C AMTS RE INCENT-ADM DIRS' DB PEN-ADM Note 8 - Operating profit (directors emoluments), Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment Note 1 - Pensions policy, Note 31 - Pension costs, Note 40 Directors emoluments (remuneration paid to directors), Note 42 - Employment costs (other pension costs) 30D REDUNDANCY-ADM Note 42 - Employment 321 RENT-OP LEASES-ADM 348 EQUIP LEASING-ADM 349 VEHICLE LEASE-ADM lease rentals other assets), Note 38 - Financial lease rentals - plant and machinery), Note 38 - Financial lease rentals - plant and machinery), Note 38 - Financial 364 RESEARCH & DEV-ADM Note 1 - Research and development policy, Note 8 - Operating profit (research and development) 368 ACCOUNTANCY-ADM Note 8 - Operating profit (remuneration of auditors for nonaudit)work) 369 AUDIT FEES-ADM Note 8 - Operating profit (Auditors remuneration) 370 NON-AUDIT FEES-ADM Note 8 - Operating profit (remuneration of auditors for nonaudit work) 377 CURRENCY P/L-ADM Note 1 - Foreign currency translation policy, Note 8 - Operating profit (P/L on foreign exchange translations) 391 INTANG DEPREC-ADM Note 8 Operating profit (amortisation of intangible assets) 392 F/HOLD DEPREC-ADM Note 8 - Operating profit (depreciation of tangible assets) 393 LONG L/H AMM-ADM Note 8 - Operating profit (depreciation of tangible assets) 394 SHORT L/H AMM-ADM Note 8 - Operating profit (depreciation of tangible assets) 395 PLANT/MCHY DEP-ADM Note 8 - Operating profit (depreciation of tangible assets) 396 FF & E DEPREC-ADM Note 8 - Operating profit (depreciation of tangible assets) 34 CCH AP e-learning - Limited Company Case Study

39 Code Description Detail Notes and Totals Affected by Postings 397 MOTOR VEH DEP-ADM Note 8 - Operating profit (depreciation of tangible assets) 398 P/L DISP INTAN-ADM Note 8 Operating profit (P/L on disposal of intangible 399 P/L DISP TANG-ADM Note 8 Operating profit (P/L on disposal of tangible 39A SPARE NOMINAL-ADM Note 8 - Operating profit (depreciation of tangible assets) 401 RENT RECEIVABLE Note 8 Operating profit (rents receivable) 402 GROUND RENT REC'D Note 8 Operating profit (rents receivable) 404 GOVT GRANTS REC'D Note 1 Government grants policy, Note 8 Operating profit (Government grants) 40D EXCHANGE GAINS -OOI Note 1 - Foreign currency translation policy, Note 8 Operating profit (P/L on foreign exchange transactions) 411 BANK INT REC RCD Note 9 Investment income (Bank interest received) 412 BANK INT REC RBL Note 9 Investment income (Bank interest received) 415 OTHER INT RCD Note 9 Investment income (Other interest received) 416 OTHER INT REC RBL Note 9 Investment income (Other interest received) 424 INT-SUBSID RBL Note 9 Investment income (Income from subsidiary 425 INT-SUBSID RCD Note 9 Investment income (Income from subsidiary 426 INT-PARTIC INT RCD Note 9 Investment income (Income from participating 427 INT-PARTIC INT RBL Note 9 Investment income (Income from participating 428 LIST INV INT RCD Note 9 Investment income (Income from listed 429 UNL INV INT RCD Note 9 Investment income (Income from unlisted 42A LISTED INV INT RBL Note 9 Investment income (Income from listed 42B UNLISTED INV INT RBL Note 9 Investment income (Income from unlisted 431 DIVS RCD GRP UNDS Note 9 Investment income (Income from subsidiary 432 DIVS RCD PART INT Note 9 Investment income (Income from participating 433 LI INV DIVS RCD FII Note 9 Investment income (Income from listed 434 UL INV DIVS RCD FII Note 9 Investment income (Income from unlisted 435 DIVS RBL FROM GP UND Note 9 Investment income (Income from subsidiary 436 DIVS RBL FROM P.I.'S Note 9 Investment income (Income from participating 437 LI INVS DIVS RBL-FII Note 9 Investment income (Income from listed 438 UI INVS DIVS RBL-FII Note 9 Investment income (Income from unlisted 442 P/L-DISP LIST INV Note 9 Investment income (Profit/loss on disposal of listed investments) 443 P/L-DISP UNLST INV Note 9 Investment income (Profit/loss on disposal of unlisted investments) 451 F.A. PERM DIMINT'N Note 10 Amounts written off investments (Fixed asset permanent diminution in value) 452 F.A. TEMP DIMINT'N Note 10 Amounts written off investments (Fixed assets temporary diminution in value) 453 C.A. INV W/OFF Note 10 Amounts written off investments (Current assets) CCH AP e-learning - Limited Company Case Study 35