From the following trial balance of B Lane after his first years trading, you are required to
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From the following trial balance of B Lane after his first year’s trading, you are required to draw up a trading and profit and loss account for the year ended 30 June 20X8. A balance sheet is not required.
Stock at 30 June 20X8 was £16,280.
Transcribed Image Text:
Sales Purchases Rent Lighting and heating expenses Salaries and wages Insurance Buildings Fixtures Debtors Sundry expenses Creditors Cash at bank Drawings Vans Motor running expenses Capital Trial Balance as at 30 June 20X8 Dr £ 154,870 4,200 530 51,400 2,100 85,000 1,100 31,300 412 14,590 30,000 16,400 4,110 396,012 Cr £ 265,900 15,910 114,202 396,012
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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