The following information has been extracted from Lathoms books of account for the year to 30 April
Question:
The following information has been extracted from Lathom’s books of account for the year to 30 April 2016:
Required:
(a) Prepare Lathom’s trading account for the year to 30 April 2016.
(b) State where the inventory at 30 April 2016 would be shown on the statement of financial position as at that date.
Transcribed Image Text:
Purchases Sales Inventory (at 1 May 2015) Inventory (at 30 April 2016) £ 45 000 60 000 3 000 4 000
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a Lathoms trading account b The inventory would be shown u...View the full answer
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Related Book For
Accounting For Non-Accounting Students
ISBN: 9781292128979
9th Edition
Authors: John R. Dyson, Ellie Franklin
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