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Urgent please help As at 31 December 2021, RY Ltd, a VAT registered company, has the following trial balance. The following additional information as 31
Urgent please help
As at 31 December 2021, RY Ltd, a VAT registered company, has the following trial balance. The following additional information as 31 December 2021 is available - Inventory as at the close of business has been valued at 43,100 - Dividend declared and paid during the year 33,100 - A supplier's credit balance of 33,100 had been omitted and not included in the above trade payables figure. Required: Prepare a statement of profit and loss for RY Ltd for the year ended 31 December 2021 and statement of financial position as at the same date. As at 31 December 2021, RY Ltd, a VAT registered company, has the following trial balance. The following additional information as 31 December 2021 is available - Inventory as at the close of business has been valued at 43,100 - Dividend declared and paid during the year 33,100 - A supplier's credit balance of 33,100 had been omitted and not included in the above trade payables figure. Required: Prepare a statement of profit and loss for RY Ltd for the year ended 31 December 2021 and statement of financial position as at the same dateStep by Step Solution
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