The owner of Bodystore, a retailer, does not keep proper books of accounts, but was able to supply his accountant with the following information on 1 April 2008:

The following is a summary of his bank statement for the year ended 31 March 2009:

The following is a summary of his cash account for the year ended 31 March 2009:

Further information was provided on transactions during the year ended 31 March 2009:
a Fixtures and fittings were to be depreciated by 10% per annum at the beginning of the year.
b Insurance had been paid for the period from 1 April 2008 till 30 September 2009.
c A further amount of £350 was still owed for wages.
d Discounts allowed for the year were £450.
e At 31 March 2009 the following balances were provided:

Required 1 Prepare Bodystore’s profit and loss account for the year ended 31 March 2009.
2 Prepare Bodystore’s balance sheet as at 31 March 2009.

Transcribed Image Text:

f Fixtures and fittings 5,500 Freehold premises 85,000 Trade debtors 5,700 Bank 19,854 Cash 100 Stock 25,000 Trade creditors 7,440