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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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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