Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial
Question:
Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20–3:
Prepare Ayesha’s income statement for the year ended 30 September 20–3 and a statement of financial position at 30 September 20–3.
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Capital 125000 Drawings 15200 Premises 95000 Office equipment 21600 Fees from clients 65950 Insurance 3110 Printing and stationery 2480 Wages 59650 Office expenses 3120 Rent receivable 6000 Trade receivables 6150 Bank overdraft 9510 Cash 150 206 460 206460 %24
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AYESHAS INCOME STATEMENT AND STATEMENT OF FINANCIAL POSITION 30TH SEPTEMBER 203 AYESHAS IN...View the full answer
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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