Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kindly answer first. From the following trial balance of P Boones draw up statement of comprehensive income for the year ended 30 September 2002, and

Kindly answer first.

image text in transcribed
From the following trial balance of P Boones draw up statement of comprehensive income for the year ended 30 September 2002, and a statement of financial position as at that date. Dr Cr Sh. Sh. Stock 1 October 19x8 23,680 Carriage outwards 2,000 Carriage inwards 3,100 Returns inwards 2,050 Returns outwards 3,220 Purchases 118,740 Sales 186,000 Salaries and wages 38,620 Rent 3,040 hsurance 780 Motor expenses 6,640 Office expenses 2,160 Lighting and heating expenses 1,660 General expenses 3,140 Premises 50,000 Motor vehicles 18,000 Fixtures and fittings 3,500 Debtors 38,960 Creditors 17,310 Cash at bank 4,820 Drawings 12,000 Capital 126,360 332,890 332,890

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inflation, Unemployment And Capital Malformations

Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini

1st Edition

0429767064, 9780429767067

More Books

Students also viewed these Economics questions

Question

How do high-learning and low-learning products differ?? LOP85

Answered: 1 week ago

Question

What is Accounting?

Answered: 1 week ago

Question

Define organisation chart

Answered: 1 week ago

Question

What are the advantages of planning ?

Answered: 1 week ago

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago