S12.1 (a) Using the information provided in question C12.1, prepare a spreadsheet containing a trial balance, adjustment
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S12.1
(a) Using the information provided in question C12.1, prepare a spreadsheet containing a trial balance, adjustment and resulting figures for income statement (profit and loss account) and statement of financial position (balance sheet) items. (Table 12.7 provides a pattern to follow.)
(b) Present the income statement (profit and loss account) for the year and the statement of financial position (balance sheet) at the end of the year in an informative and useful manner.
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