The following information relates to A Traders business: During the year, Trader had sold private investments for
Question:
The following information relates to A Trader’s business:
During the year, Trader had sold private investments for £4,000 which he paid into the business bank account, and he had drawn out £200 weekly for private use.
Required:
Prepare a balance sheet as at 31 December 2009 and give the net profit as at that date.
Transcribed Image Text:
Assets and liabilities at Fixtures 1 January 2009 18,000 31 December 2009 16,200 Debtors 4,800 5,800 Stock Creditors Cash 24,000 8,000 760 28,000 11,000 240 Balance at bank 15,600 4,600 Loan from B Burton 6,000 2,000 Motor vehicle 16,000
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Related Book For
Business Accounting Uk Gaap Volume 1
ISBN: 9780273718765
1st Edition
Authors: Frank Wood, Alan Sangster
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