From the following trial balance of C Worth after his first year’s trading, you are required to draw up a trading and profit and loss account for the year ended 30 June 19X8. A balance sheet is not required.

 

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Trial Balance as on 30 June 19X8 Dr Cr Sales Purchases Rent 28,794 23,803 854 Lighting and heating expenses Salaries and wages Insurance Buildings Fixtures Debtors Sundry expenses Creditors 422 3,164 105 50,000 1,000 3,166 506 1,206 Cash at bank 3,847 Drawings 2,400 Motor vans 5,500 Motor running expenses 1,133 Capital 65,900 95,900 95,900 Stock at 30 June 19X8 was 4,166.