Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare Trading and profit and loss account for the year ended at 31^st December, 2015 with the help of following: Opening stock = 50000 AED

image text in transcribed

Prepare Trading and profit and loss account for the year ended at 31^st December, 2015 with the help of following: Opening stock = 50000 AED Closing stock = 20000 AED Sales= 500000 AED Purchases = 325000 AED Office Rent = 5000 AED Salary = 2000 AED Wages= 1300 AED Factory Rent = 2300 AED Office manager Salary = 2500 AED Commission Received= 500 AED Discount given = 600 AED Interest Received = 700 AED Mobile Expenses = 1800 AED Carriage = 500 AED Royalty = 200 AED

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

Step: 3

blur-text-image

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

Auditors Guide To Information Systems Auditing

Authors: Richard E. Cascarino

1st Edition

0470009896, 978-0470009895

More Books

Students also viewed these Accounting questions