Question
Prepare a Trial Balance as at 30 April 2014 Draw up an Income Statement for the year ended 30 April 2014 Construct a Balance Sheet
| [4 marks] [8 marks] [8 marks] |
Ginta, a sole trader, extracted the following balances from his books as at 30 April 2014 :
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| Ca ital | 23,080 | ||
| Debtors accounts receivable | 3,460 | ||
| Creditors accounts a able | 2,090 | ||
| Motor vehicles | 13,000 | ||
| Furniture & fittin s | 6,000 | ||
| Purchases | 9,450 | ||
| Sales | 16,330 | ||
| Sales returns returns inwards | 760 | ||
| Purchases returns | returns outwards | 410 | |
| Wa es & salaries |
| 2,960 | |
| Cash at Bank |
| 750 | |
| Cash in hand |
| 70 | |
| Sund ex enses |
| 190 | |
| Rent and rates |
| 910 | |
| Drawin s |
| 2,380 | |
| Invento stock 1 | Ma 2013 | 1 ,980 | |
Note
Inventory (stock) as at 30 April 2014 was valued at $2,300
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Contemporary Debates On Politics And Public Administration In The Postmodern Era
Authors: Ömer Ugur, Kadir Caner Dogan
1st Edition
3631796331, 9783631796337
