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Trial balance of a period, Establish the SPL. RE. and SFP for the period, then determine the Net profit for the period: Trial balance of
Trial balance of a period, Establish the SPL. RE. and SFP for the period, then determine the Net profit for the period: Trial balance of a period Account name Debit Credit Purchase of inventory 31.000 Account payables 6,500 Capital 35,540 Cash in hand 12,000 Transport expenses 9,540 Motor vehicle 32,000 Sales revenue 95,000 Drawing 24,000 Administrative expense 10,500 Account receivables 9,500 Cash at bank 8,500 Total 137,040 137,040 Deatermine the Net profit for the period
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