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Question 2- (15) The following list of account balances were extracted from the books of Ahmed and Compan April 2013 Amount in Rs. (000) Revenue
Question 2- (15) The following list of account balances were extracted from the books of Ahmed and Compan April 2013 Amount in Rs. (000) Revenue 18,955 Purchases 12,556 Inventory 1 May 2012 3.776 Salaries and wages 2,447 Motor expenses 664 Rent 456 Rates 120 Insurance 146 Packing charges 276 Lighting 665 Sundry expenses 115 Motor vehicles 2,400 Fixtures & fittings 600 Trade receivables 4,577 Trade payables 3,045 Cash at bank 3,876 Cash in hand 120 Drawings 2,050 Capital 12,844 a) Prepare trial balance (5) b) Prepare income statement and inventory on 30 April 2013 is 4,998,000 (5) c) Prepare statement of financial position
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