The trial balance of Abouzeid plc is as follows: Based on the above trial balance, produce a
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The trial balance of Abouzeid plc is as follows:
Based on the above trial balance, produce a statement of comprehensive income for the year ended 31 December 2027 and a statement of financial position as at that date.
Additional information:
1. Inventory as at 31 December 2027 was valued at £55,000.
2. Taxation for the year was assessed to be £30,000.
The format of the financial statements should follow the requirements of IAS 1 as closely as the information permits.
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