Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer in text (without image) it is easy to copy Question 2- (15) The following list of account balances were extracted from the books

please answer in text (without image) it is easy to copy

image text in transcribed

Question 2- (15) The following list of account balances were extracted from the books of Ahmed and Compan April 2013 Amount in Rs. (000) Revenue 18,955 Purchases 12,556 Inventory 1 May 2012 3,776 Salaries and wages 2,447 Motor expenses 664 Rent 456 Rates 120 Insurance 146 Packing charges 276 Lighting 665 Sundry expenses 115 Motor vehicles 2,400 Fixtures & fittings 600 Trade receivables 4,577 Trade payables 3,045 Cash at bank 3,876 Cash in hand 120 Drawings 2,050 Capital 12,844 a) Prepare trial balance (5) b) Prepare income statement and inventory on 30 April 2013 is 4,998,000 (5) c) Prepare statement of financial position

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions

Question

Explain the various techniques of Management Development.

Answered: 1 week ago