1) Prudence sells all of her goods at a 50 per cent mark-up on cost.

2. During the year Prudence paid £4,200 of her cash takings into her personal bank account.

 3. The wages shown in note  were paid to Prudence's daughter; Phillipa, who helps her at the clothes parties. Phillipa also received £3,200 of cheques directly from customers (that is, they were made out to her directly rather than to the business).

An analysis of the bank statements for the year to 31 March 20X1 shows the following: Cash banked from debtors Other cash banked from sales Cash received from sale of car Cash paid for new car Payments to trade creditors Wages Sundry expenses, including telephone Drawings Cash at bank at 31.3.X1 58,600 67,800 8,500 (15,400) (91,724) (6,200) (3,250) (6,500) 23,470