Question
From the following informations of du Ltd. on 31st March, 2019 you are required to prepare the Trading, Profit and Loss A/c and Balance Sheet:
- From the following informations of du Ltd. on 31st March, 2019 you are required to prepare the Trading, Profit and Loss A/c and Balance Sheet:
| Debit Balances | Amount (AED) | Credit Balances | Amount (AED) |
| Rent paid | 1200 | Capital | 7100 |
| Cash at bank | 6250 | Sales | 72,000 |
| Stock | 12500 | Sundry creditors | 22,000 |
| B/R | 3000 | Bills Payable | 4150 |
| Sundry debtors | 32,500 | Return outwards | 500 |
| Furniture | 2000 |
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| Rent & Taxes | 1300 |
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| Carriage inward | 1450 |
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| Purchases | 37,500 |
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| Salaries | 3850 |
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| Commission | 750 |
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| Postage | 250 |
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| Return inward | 1300 |
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| Interest | 1900 |
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| 105,750 |
| 105,750 |
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
