On 31 December 20X3, the trial balance of Joytoys showed the following chart of accounts and balances:
Question:
Additional information
1 The inventory at 31 December 20X3 was valued at £19,500.
2 The bank loan is repayable in five years' time.
Required
Prepare a statement of profit and loss for the year ended 31 December 20X3 and a statement of financial position at that date (publishable format).
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Related Book For
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
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