Prepare the company's accounts in a format that you believe would more clearly present its financial performance and position during and at the end of the year

765,000 6,000 5,000 53,000 Appendix: The accounts section for year 2015/16 Purchases 545,000 Sales Return inward 5,000 Returns outwards Carriage inwards 1,000 Carriage outwards inventory as at 1 August 2015 63,000 Trade payables Equipment 88,000 Loan (repayable in 2019) Fixture and fittings 49,000 Capital Trade receivables 46,000 Commission received Bank 23,000 Insurance 24,000 Wages and salaries 43,000 General expenses 8,000 25,000 99,000 8,000 5,000 Marketing costs Not for business 24,000 2,000 Maintenances Machinery 24,000 Cash 1000