prepare Income Statement and Balance Sheet of Diamond20 marks Trading from the adjusted Trial Balance below _Dr
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Question:
prepare Income Statement and Balance Sheet of Diamond20 marks Trading from the adjusted Trial Balance below
_Dr Cr____________
Sales 8,53
Accounts Payable 2,150
Prepaid expenses 620
Salaries Payable 1,100
Office expenses 3,450
Purchases 5,230
Interest Revenue 45
Accounts Receivable 3,080
Bank loan 740
Owner's capital 5,000
Buildings 3,640
Salary expenses 1,550
_________________________________
17,570 17,570
Expert Answer:
Diamond Trading Company Income Statement for the year ended Particulars Amount Rs Sales 853000 Less ... View the full answer
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