A The following trial balance of the Shire Golf Club was extracted from the books as on

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A The following trial balance of the Shire Golf Club was extracted from the books as on 31 December 2012:

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(i) Bar purchases and sales were on a cash basis. Bar inventory at 31 December 2012 was valued at £6,410. (ii) Subscriptions paid in advance by members at 31 December 2012 amounted to £1,870. (iii) Provide for depreciation of equipment £2,400. You are required to:

(a) Draw up the bar trading account for the year ending 31 December 2012.

(b) Draw up the income and expenditure account for the year ending 31 December 2012, and a statement of financial position as at 31 December 2012.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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