=+Fixed Assets at cost less depreciation Stock Debtors Cash at Bank The Profit & Loss Account for
Question:
=+Fixed Assets at cost less depreciation Stock Debtors Cash at Bank The Profit & Loss Account for 1962 was:
Taxation Transfer to Reserve Proposed Dividend Balance carried forward
£
5,710 6,000 4,800 4,016
£20,526
£
48,000 21,019 10,962 4,668
£
50,400 24,136 14,119 287
£84,649 £88,942 Net Trading Profit Balance brought forward Over-provision of tax at 31 Dec. 1961
£
9,116 11,010 400
£20,526
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