The following information relates to the year ended 29 February 20*8 for Rita Shah:

Required

Prepare the trading and profit and loss account for the year ended 29 February 20*8 and a balance sheet at that date.

Transcribed Image Text:

Sales Purchases Carriage inward Returns inward Carriage outward Returns outward Drawings Wages and salaries Rent rates and insurance Advertising and stationery Motor expenses General expenses Premises at cost Machinery at cost Office equipment at cost Motor vehicles at cost Debtors Creditors Stock at 1 March 20*7 Stock at 29 February 20*8 Bank balance Capital at 1 March 20*7 £ 238,965 117,671 563 631 793 1,451 24,700 74,378 8,765 4,611 11,453 4,358 91,000 42,000 14,650 47,000 2,865 3,428 8,531 8,002 4,662 214,787