Prepare a trading and profit and loss account from the following information relating to the business of
Question:
Prepare a trading and profit and loss account from the following information relating to the business of Judy Brooks for the period from 1 Jan.
1990 to 30 June 1990.
Sales of meals and drinks Purchases of food and drinks Returns outward Stock of food and drink 1 Jan. 1990 Stock of food and drink 30 June 1990 Rent and rates Depreciation on fixed assets Insurance Waiters' wages Gas and electricity
£
16,000 4,000 200 400 600 250 250 100 3,000 500
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