Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q6. (a) From the following trial balance of Mr. Reja prepare a statement of comprehensive (30) income, and owner's equity statement as on 31st December,

image text in transcribed

Q6. (a) From the following trial balance of Mr. Reja prepare a statement of comprehensive (30) income, and owner's equity statement as on 31st December, 2020: Trial Balance of Mr. Reja as on 31st December, 2020 Debit Credit Account Title (Tk) (Tk) Accounts Receivable 30,000 Accounts payable 20,000 Capital 100,000 Furniture 25,000 Salaries (10 months) 20,000 Rent (15 months 30,000 Services revenue 120,000 Utility expenses 2,000 Insurance premium 3,000 10% Investment (1-1-20) 90,000 Interest on above investment 6,000 Equipment 46,000 Total 246,000 246,000 Additional Information: Depreciation on furniture @5% pa and @10% on equipment pa

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_2

Step: 3

blur-text-image_3

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

College Accounting A Practical Approach Chapters 1-25

Authors: Jeffrey Slater

12th Edition

013277206X, 978-0132772068

More Books

Students also viewed these Accounting questions