On Thursday, the fourth day of his business venture, Paul, the street trader in wrapping paper (see
Question:
On Thursday, the fourth day of his business venture, Paul, the street trader in wrapping paper (see earlier in the chapter, pages 27 to 35), 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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