The following trial balance was extracted from the accounts of C Wattison as at 31 December 2013.
Question:
The following trial balance was extracted from the accounts of C Wattison as at 31 December 2013. From this, construct a statement of comprehensive income for the year ended 31 December 2013 and a statement of financial position as at the year-end date.
Additional information:
1 Inventory in trade as at 31 December 2013 was valued at £13,420.
2 Wages and salaries accrued as at 31 December amounted to £799.
3 Insurance prepaid as at the year-end totalled £190.
4 Heating and lighting prepaid as at the year-end totalled £312.
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C Wattison Statement of comprehensive income for the year ending 31 De...View the full answer
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Related Book For 
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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