The following trial balance of The Shire Golf Club was extracted from the books as on 31
Question:
The following trial balance of The Shire Golf Club was extracted from the books as on 31 December 20X3:
Notes:
(i) Bar purchases and sales were on a cash basis. Bar stocks at 31 December 20X3 were valued at £6,410.
(ii) Subscriptions paid in advance by members at 31 December 20X3 amounted to £1,870.
(iii) Provide for depreciation of equipment £2,400.
You are required to:
(a) Draw up the bar trading account for the year ended 31 December 20X3.
(b) Draw up the income and expenditure account for the year ended 31 December 20X3, and a balance sheet as at 31 December 20X3.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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