Question
INCOMPLETE RECORDS : Kelly is a sole trader who does not keep full accounting records. She is able to provide the following type at 31
INCOMPLETE RECORDS :
Kelly is a sole trader who does not keep full accounting records. She is able to provide the following
- type at 31 Aug 2020 at 31 Aug 2021
- non-current asset at cost 30000 26000
- current asset 10000 21000
- current liability 5000 1000
Kelly's drawings for the year ended 31 Aug 2021 was $3000
REQUIRED
a. Kelly's Statement of Affairs at 31/8/2020
b. Kelly's statement of affairs at 31/8/2021
c. Kelly's profit or loss for the year ended 31/8/2021
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
