Question
Q.5. Prepare Financial Statements with the help of the following information: Name of Accounts Debit (SR) Credit (SR) Opening Stock 8,500 Purchases 42,150 Sales 92,800
Q.5. Prepare Financial Statements with the help of the following information:
| Name of Accounts | Debit (SR) | Credit (SR) |
| Opening Stock | 8,500 |
|
| Purchases | 42,150 |
|
| Sales |
| 92,800 |
| Returns | 1,200 | 1,600 |
| Discount | 1,000 | 650 |
| Wages & Salaries | 18,400 |
|
| Electricity | 4,800 |
|
| Insurance | 2,500 |
|
| Interest charges | 4,500 |
|
| Goodwill | 8,000 |
|
| Plant | 32,000 |
|
| Accumulated Depreciation on Plant |
| 12,000 |
| Advertisement | 7,800 |
|
| Capital |
| 48,500 |
| Drawings | 6,750 |
|
| Loan from X |
| 23,000 |
| Loan to Y | 12,500 |
|
| Accounts receivable | 32,950 |
|
| Accounts Payable |
| 18,600 |
| Outstanding expenses |
| 6,700 |
| Cash and Bank | 20,800 |
|
| Total | 203,850 | 203,850 |
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Portfolio Of Marketing Audits Company Self Assessment Audits
Authors: David Crosby
1st Edition
1902433157, 978-1902433158
