On 31 December 20X3, the trial balance of Joytoys showed the following chart of accounts and balances:

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On 31 December 20X3, the trial balance of Joytoys showed the following chart of accounts and balances:
On 31 December 20X3, the trial balance of Joytoys showed

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  book-img-for-question

Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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