Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a set of sole leader financial statements from the information below Alpha Stores Trial Balance as at 31 March Dr 2 000 CF E

image text in transcribed

Prepare a set of sole leader financial statements from the information below Alpha Stores Trial Balance as at 31 March Dr 2 000 CF E 248 783 68 975 1 206 780 220 3 135 Inventory Sales Purchases Sales Returns Purchase Returns Carriage Inwards Discounts Received Discounts Allowed Wages Insurance General Expenses Heat and Light Bad Debts Non-current (fixed) assets Trade Receivables Trade Payables Bank Cash Capital Short-term Loan 2474 111 220 7500 39 590 3 880 965 277 200 6700 2 100 I 37 750 1 500 185 082 50 000 525 530 525 530 Additional Information: 1 Alpha Stores had an opening inventory of 32 000 2. Depreciation is not charged on non-current (fixed) assets

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_2

Step: 3

blur-text-image_3

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

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Authors: Paul A. Copley

10th Edition

007352705X, 978-0073527055

More Books

Students also viewed these Accounting questions

Question

1. Television more Over watching faceing of many problems ?

Answered: 1 week ago