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214.2 From the following trial balance extracted from the books of Paulo Gavinci, restaurateur, you are required to prepare the trading and profit and loss
214.2 From the following trial balance extracted from the books of Paulo Gavinci, restaurateur, you are required to prepare the trading and profit and loss account for the year ended 30 April 200 and the balance sheet as at that date. You should also take the following additional information into account: (a) Closing stock at 30 April 20-0 was 1,600 (b) Depreciation is to be provided as follows on a straight line basis: Fixtures and fittings 20% on cost Delivery vehicle 25% on cost (c) Paulo took goods for personal use amounting to 250 at cost and an adjustment needs to be made for this (d) Provide for: Rent prepaid 2,000 Wages accrued 1,000
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