On Thursday, the fourth day of his business venture, Paul, the street trader in wrapping paper, bought

Question:

On Thursday, the fourth day of his business venture, Paul, the street trader in wrapping paper, bought more inventories for £53 cash.

During the day he sold inventories that had cost £33 for a total of £47.

Required:

Draw up the three financial statements for Paul’s business venture for Thursday.

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Accounting An Introduction

ISBN: 9780273733201

5th Edition

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

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