Natasha Bedi provides the following trial balance extracted from her books of account on 31 January 20*8:

Additional information at 31 January 20*8:
stock was valued at £10,564; rates paid in advance £320.

Required

Prepare:

a) A trading and profit and loss account for the year ended 31 January 20*8
b) A balance sheet at 31 January 20*8.

Transcribed Image Text:

Purchases Sales Returns inwards Returns outwards Stock 1 February 20*7 Capital Long-term loan Drawings Wages Rates Telephone Motor expenses General expenses Trade debtors Trade creditors Bank balance Cash in hand Premises at cost Office equipment at cost Delivery vehicle at cost Dr £ 112,754 458 8,503 34,675 73,097 2,540 670 7,904 12,554 23,564 4,672 549 54,000 23,500 18,500 377,940 Cr 232,987 2,610 82,911 50,000 9,432 377,940