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Please can you draw out the full extended trial balance in one table; so i wouk like the ledger accounts, adjustments and statement of profut
Please can you draw out the full extended trial balance in one table; so i wouk like the ledger accounts, adjustments and statement of profut and loss and statement of finabcial position all to be in one table so i can understand the concept more clearly thank you Extended Trial Balance, Profit and Loss, and Statement of Financial Position
Balance Sheet
Instructions: Using the provided trial balance and adjustments, prepare the extended trial
balance, profit and loss statement, and the statement of financial position balance sheet for
the year ending st March
Trial Balance as of st March :
Adjustments to be made on st March :
Salary is paid for months in advance.
Insurance is paid for months in advance.
Electricity bill outstanding:
VAT bill outstanding:
PAYE bill outstanding:
Furniture depreciated using reducing balance method at
Bad debt to write off:
A penalty of received from HMRC
Actual bank balance on bank statement on st March :
Cash withdrawal of to pay a contractor.
Tasks:
Prepare the extended trial balance.
Prepare the profit and loss statement.
Prepare the statement of financial position balance sheet
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