B. Good drew up the following trial balance as at 31 March 20X3. Extract the statement of profit and loss for the year ended 31 March 20X3 and statement of financial position as at that date.

Additional information
Inventory at the yearend was £35,650.

Transcribed Image Text:

Dobit Credit 1,090 Sundry expenses Rent received Office expenses Insuronce Wages and expenses Telephone Purchases and sales revenue Motor expenses Rent Rates Carriage outwards Carriage inwards Returns outwords Returns inwords Building Motor vehicle Fixtures Trade receivables and payables Cash Bank Drowings Capital Opening inventory 200 560 525 4,580 1,250 25,560 89,560 569 2,500 1,250 546 200 302 560 230,000 12,500 5,365 1 28,560 48,560 32,250 5,562 178,907 28,590 449,779 449,779