From the following Trial Balance, prepare Trading, P&L Account and Balance Sheet:
Debtors
16,300 Capital
Cash
12.500 Sales
40.000
9.000
Furniture
10,000
Purchase Returns
500
Purchases
3,500
Creditors
2.500
Sales returns
300
Opening stock
2,000
Rent & Rates
750
Insurance
350
Wages
800
Carriage
500
Discount
650
Oil & Fuel
550
2,900
Drawings
Carriage Outwards
300
Stationary
600
Total
52,000
Total
52.000
Closing stock value: 2,600
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u2,900
Drawings
Carriage Outwards
300
Stationary
600
Total
52,000
Total
52.000
From the following Trial Balance, prepare Trading, P&L Account and Balance Sheet:
Debtors
16,300 Capital
Cash
12.500 Sales
40.000
9.000
Furniture
10,000
Purchase Returns
500
Purchases
3,500
Creditors
From the following Trial Balance, prepare Trading, P&L Account and Balance Sheet:
Debtors
16,300 Capital
Cash
12.500 Sales
40.000
9.000
Furniture
10,000
Purchase Returns
500
Purchases
3,500
Creditors
2.500
Sales returns
300
Opening stock
2,000
Rent & Rates
750
Insurance
350
Wages
800
Carriage
500
Discount
650
Oil & Fuel
550
2,900
Drawings
Carriage Outwards
300
Stationary
600
Total
52,000
Total
52.000
Closing stock value: 2,600
Answer
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