Siobhan Murgatroyd has extracted the following trial balance from her books of account: Additional information at 31
Question:
Siobhan Murgatroyd has extracted the following trial balance from her books of account:
Additional information at 31 July 20*8
■ Stock was valued at £1,166.
■ Insurance paid in advance amounted to £315.
Required
a) Prepare a trading and profit and loss account for the year ended 31 July 20*8.
b) Prepare a balance sheet at 31 July 20*8.
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