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TRIAL BALANCE Particulars DR CR $ $ Capital 190,000 Cash 7,500 Motor Vehicle 127,400 Bank 50,000 VNB Loan 260,000 Furniture 54,000 Merchandise Purchases 245,000 Display
| TRIAL BALANCE | |||||
| Particulars | DR | CR | |||
| $ | $ | ||||
| Capital | 190,000 | ||||
| Cash | 7,500 | ||||
| Motor Vehicle | 127,400 | ||||
| Bank | 50,000 | ||||
| VNB Loan | 260,000 | ||||
| Furniture | 54,000 | ||||
| Merchandise Purchases | 245,000 | ||||
| Display Cabinet | 136,500 | ||||
| Merchandise Sales | 53,000 | ||||
| Designer C | 105,000 | ||||
| Dee Fifth | 95,000 | ||||
| Lee Button | 80,000 | ||||
| Tom Ford | 80,000 | ||||
| Stationery | 12,000 | ||||
| Return Outwards | 5,000 | ||||
| Design Collection | 100800 | ||||
| Discount Allowed | 4,200 | ||||
| Return Inwards | 4500 | ||||
| Salary | 91,500 | ||||
| Drawings | 18,500 | ||||
| Discount Received | 6,000 | ||||
| Commission Received | 11,400 | ||||
| Provision for bad debt | 126500 | ||||
| 931900 | 931900 |
Prepare the Statement of Profit and Loss (35 Marks)
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Statement of Profit and Loss Particulars Amount Merchandise Sales 53000 Less Cost of Goods Sold Merc...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
