Assignment 4

Below you are provided with the Trial Balance for Madi Investments for the period ended 31^st March. You are required to prepare a trading and profit and loss account (Statement of Comprehensive Income) for the period.

	Trial balance as at 31 March 2021
		Dr	Cr
Sales			1334032
Purchases		838824
salaries		395689
motor expenses		16912
rent		13258
insurance		2604
general expenses		595
premises		667940
motor vehicle		116158
debtors		187180
creditors		0	115668
cash at bank		115633
cash in hand		2394
drawings		58975
capital			966462
		2416162	2416162
	stock as at Marc 2021 was 86856