Ben Trent provides the following trial balance extracted from his books of account on 31 March 20*8,
Question:
Ben Trent provides the following trial balance extracted from his books of account on 31 March 20*8, after his first year of trading:
Additional information at 31 March 20*8:
stock was valued at £8,459; accrued wages amount to £874.
Required
Prepare:
a) A trading and profit and loss account for the year ended 31 March 20*8
b) A balance sheet at 31 March 20*8.
Transcribed Image Text:
Sales Purchases Rent Rates Wages Motor expenses General expenses Capital Drawings Trade debtors Trade creditors Bank balance Equipment at cost Delivery van at cost Dr £ 44,832 5,600 2,340 47,892 2,357 7,459 14,670 8,564 1,340 8,000 12,000 155,054 Cr £ 123,563 26,061 5,430 155,054
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