Question 2 (30 marks)
(Q2a)- Statement of Profit & Loss
(Q2b)- Statement of Financial position
As at 13/30 Jun
Purchases	$ 84,750.00
Sales	$ 149,750.00
Return Inward	$ 3,250.00
Return Outward	$ 2,250.00
Drawing	$ 4,750.00
Inventory 1st Jul 2018	$ 12,950.00
Closing	$ 79,750.00
Total recycle	$ 22,150.00
Costing	$ 34,750.00
Fixture & Fitting costing	$ 24,250.00
Final Listing	$ 90,350.00
Cash in bank	$ 15,600.00
Salary	$ 16,550.00
Carry Forward	$ 3,150.00
Carry outward	$ 4,300.00
Account reachable	$ 29,750.00
Account payable	$ 14,750.00
Water & Electricity	$ 3,600.00
Insurance	$ 2,160.00
Provision Product project	$ 500.00
Discount allowed	$ 150.00
Discount receive	$ 100.00
Land Revenue	$ 4,250.00
Rate 3000 loan from bank	$ 24,750.00
Interest from loan	$ 750.00
Commision	$ 2,500.00
Capital	$ 109,400.00
Additional information
Rent revenue receive	$ 750.00
Loan from Affin bank Taken on 1st oct 2018 interest charged per annum	8%
Depreciation from the Motor Vehicle per annum	20%
Fixtures & Fitting per annum	10%
Rate	$ 50.00
Insurance	$ 360.00
Commison Revenue	$ 500.00
invoice received at 30 june (comisen for the interest)	$ 750.00
own hospital expenses	$ 1,000.00
inventory asset at 30 june	$ 19,050.00