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A business keeps incomplete records. From the list below, write the items for which no records are kept. .Total sales -Total purchases .Value of
A business keeps incomplete records. From the list below, write the items for which no records are kept. .Total sales -Total purchases .Value of goods stolen Amount of money owed to the business What the business owes for goods purchased on credit -Capital -Creditors . All expenses (2 marks) Mr R.Wynter operates a grocery shop. He keeps an incomplete set of records. The details of the business at September 30, 2022 were as follows: Cash 600 Bank 900 Debtors 8750 Creditors 9375 Stock 6500 Motor Van 3000 Premises 5000 Mr wynter's capital was $27500 at October 1, 2021. Wynter withdrew $300 each month for his private use. He agrees that his motor van should be depreciated by $600 and his premises by $200. You are required to: Prepare Mr Wytner's Balance Sheet, showing his financial position on September 30, 2022. (15 marks) 1. Prepare a statement to show Mr Wytner's profit or loss for the year October 1, 2021 September 30, 2022. (3 marks) (Total 20 marks)
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