question 2

The following transactions took place during the year ended 30 April 2015: 800 Examination-style questions 1 The following information relates to the business of Moussa: at 31 July at 31 July at 31 July 2015 2014 2013 5 s 5 Bank balance 1100 1000 Bank loan repayable 30000 in 2023 Inventories 7000 6500 6000 Machinery 65000 65000 48000 Premises 70000 50000 50000 Trade pa payables 2700 2600 2500 Trade receivables 3800 4200 4000 Vehicles 12000 10000 10000 Required a Calculate the profit or loss for the years ended 31 July 2014 and 31 July 2015 17 b Prepare a statement of financial position at 31 July 2015