Global Motor Manufacturers Australia Pty Ltd Financial Statement Audit 2018-19

Trial Balance Account Mapping

Name Account No. Financial Statement

Bank - Main Operating Account 1001 Balance sheet
Bank - Term Deposit 1002 Balance sheet
Petty cash account 1003 Balance sheet
Accounts receivable 1004 Balance sheet
Allowance for doubtful debts account 1005 Balance sheet
Raw materials 1006 Balance sheet
Work in progress 1007 Balance sheet
Finished goods 1008 Balance sheet
Other receivables 1009 Balance sheet
Prepayments 1010 Balance sheet
Land 1101 Balance sheet
Property 1102 Balance sheet
Property Depreciation 1103 Balance sheet
Plant 1104 Balance sheet
Plant depreciation 1105 Balance sheet
Equipment 1106 Balance sheet
Equipment depreciation 1107 Balance sheet
Accounts payable 2001 Balance sheet
Interest payable 2002 Balance sheet
Accrued expenses 2003 Balance sheet
Payroll tax payable 2004 Balance sheet
Income tax payable 2005 Balance sheet
Provision for recall 2008 Balance sheet
Bank Loans 2101 Balance sheet
Retained earnings 3001 Balance sheet
Sales 4001 Income Statement
Interest revenue 4002 Income Statement
Discounts allowed 4003 Income Statement
Grant income 4004 Income Statement
Materials purchased 5001 Income Statement
Packaging 5002 Income Statement
Opening inventory 5003 Income Statement
Closing inventory 5004 Income Statement
Production line labour 5005 Income Statement
Sales commissions 5101 Income Statement
Sales promotion 5102 Income Statement
Advertising 5103 Income Statement
Gifts & samples 5104 Income Statement
Marketing expenses 5105 Income Statement
Payroll 5201 Income Statement
Superannuation 5202 Income Statement
Payroll benefits 5203 Income Statement
Payroll taxes 5204 Income Statement
Recruitment expenses 5206 Income Statement
Rent 5301 Income Statement
Utilities (water, electricity, gas) 5106 Income Statement
Travel costs 5107 Income Statement
Entertainment 5108 Income Statement
Telephone 5109 Income Statement
Office stationery 5110 Income Statement
Legal fees 5111 Income Statement
Audit & accountancy fees 5112 Income Statement
Consultancy fees 5113 Income Statement
Repairs & maintenance 5114 Income Statement
Cleaning 5115 Income Statement
Bad debt expense 5116 Income Statement
Insurance 5117 Income Statement
Provision for recall expenses 5118 Income Statement
Property depreciation 5401 Income Statement
Plant depreciation 5402 Income Statement
Equipment depreciation 5403 Income Statement
Interest expense 5501 Income Statement
Bank fees 5502 Income Statement
Income tax expense 5601 Income Statement
Classification Sub-Classification Natural Balance 2019
Current assets Cash and cash equivalents Debit $ 114,000,000
Current assets Cash and cash equivalents Debit $ 65,000,000
Current assets Cash and cash equivalents Debit $ 100
Current assets Accounts receivable Debit $ 26,491,150
Current assets Accounts receivable Credit -$ 600,000
Current assets Inventory Debit $ 15,000,000
Current assets Inventory Debit $ 25,000,000
Current assets Inventory Debit $ 22,000,000
Current assets Other current assets Debit $ 800,000
Current assets Other current assets Debit $ 250,000
Non current assets Property, plant and equipment Debit $ 16,000,000
Non current assets Property, plant and equipment Debit $ 24,000,000
Non current assets Property, plant and equipment Credit -$ 9,500,000
Non current assets Property, plant and equipment Debit $ 75,000,000
Non current assets Property, plant and equipment Credit -$ 4,000,000
Non current assets Property, plant and equipment Debit $ 7,000,000
Non current assets Property, plant and equipment Credit -$ 2,500,000
Current liabilities Accounts payable Credit -$ 18,000,000
Current liabilities Other current liabilities Credit -$ 120,000
Current liabilities Accrued expenses Credit -$ 175,000
Current liabilities Other current liabilities Credit -$ 190,000
Current liabilities Other current liabilities Credit -$ 1,600,000
Non current liabilities Non-current trade and other payables Credit -$ 22,000,000
Non current liabilities Bank Loans Credit -$ 18,000,000
Equity Retained earnings Credit -$ 214,750,100
Income Revenue Credit -$ 220,700,000
Income Revenue Credit -$ 1,300,000
Income Revenue Debit $ 10,000,000
Income Other revenue Credit -$ 5,000,000
Cost of sales Cost of sales Debit $ 70,000,000
Cost of sales Cost of sales Debit $ 4,000,000
Cost of sales Cost of sales Debit $ 75,000,000
Cost of sales Cost of sales Credit -$ 85,000,000
Cost of sales Cost of sales Debit $ 8,000,000
Expense Administration expenses Debit $ 1,000,000
Expense Administration expenses Debit $ 80,000
Expense Administration expenses Debit $ 1,000,000
Expense Administration expenses Debit $ 2,000,000
Expense Administration expenses Debit $ 450,000
Expense Employee benefits Debit $ 9,000,000
Expense Employee benefits Debit $ 900,000
Expense Employee benefits Debit $ 100,000
Expense Employee benefits Debit $ 495,000
Expense Employee benefits Debit $ 150,000
Expense Occupancy expenses Debit $ 15,262,500
Expense Administration expenses Debit $ 1,500,000
Expense Administration expenses Debit $ 80,000
Expense Administration expenses Debit $ 1,000,000
Expense Administration expenses Debit $ 50,000
Expense Administration expenses Debit $ 8,000
Expense Administration expenses Debit $ 850,000
Expense Administration expenses Debit $ 150,000
Expense Administration expenses Debit $ 1,000,000
Expense Administration expenses Debit $ 7,000,000
Expense Administration expenses Debit $ 80,000
Expense Administration expenses Debit $ 120,000
Expense Administration expenses Debit $ 180,000
Expense Administration expenses Debit $ 22,000,000
Expense Depreciation Debit $ 1,000,000
Expense Depreciation Debit $ 1,000,000
Expense Depreciation Debit $ 1,500,000
Expense Finance costs Debit $ 800,000
Expense Finance costs Debit $ 9,000
Expense Income tax expense Debit -$ 22,870,650
Balance 2018
$ 120,000,000
$ 5,000,000
$ 100
$ 25,000,000
-$ 550,000
$ 14,000,000
$ 26,000,000
$ 17,000,000
$ 750,000
$ 180,000
$ -
$ 24,000,000
-$ 8,500,000
$ 25,000,000
-$ 3,000,000
$ 6,000,000
-$ 1,000,000
-$ 25,000,000
-$ 50,000
-$ 120,000
-$ 160,000
-$ 1,800,000
$ -
-$ 8,000,000
-$ 46,702,838
-$ 226,700,000
-$ 100,000
$ 5,000,000
$ -
$ 50,000,000
$ 3,000,000
$ 80,000,000
-$ 90,000,000
$ 9,000,000
$ 2,000,000
$ 65,000
$ 1,000,000
$ 190,000
$ 600,000
$ 8,500,000
$ 807,500
$ 90,000
$ 465,375
 $ 180,000
$ 15,000,000
$ 1,700,000
$ 85,000
$ 400,000
$ 40,000
$ 6,000
$ 60,000
$ 150,000
$ 1,200,000
$ 5,000,000
$ 75,000
$ 140,000
$ 175,000
$ -
$ 500,000
$ 600,000
$ 1,000,000
$ 500,000
$ 4,000
-$ 38,780,137