Sally who trades as a photographer does not keep complete accounting records, but is able to provide the following details for the year to 30 November 19_5S:

Required:
Prepare trading and profit and loss accounts for the year ending 30 November 19_5 and a balance sheet as at that date.

Transcribed Image Text:

Summary of the bank account: Fees received Sale of old camera 18 620 40 18 660 Deduct: Cash withdrawn from bank New camera purchased Paid to creditors Rent and rates of office (13 months) Personal cheques Wages of assistants 2.900 180 1 250 1.950 8 560 2.900 Opening bank overdraft Closing balance 17 740 120 17 860 800