Dick Barton, a sole trader, banks all his takings intact and makes his payments by cheque. A
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Dick Barton, a sole trader, banks all his takings intact and makes his payments by cheque. A summary of his bank statements for the year ended 30 April 2011 is shown.
A list of his shop’s assets and liabilities is shown
Required: Prepare:
(a) A Statement of income for the year ended 30 April 2011, and
(b) A Statement of financial position as at that date.
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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