From the following trial balance of G. Still, draw up an income statement for the year ending
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From the following trial balance of G. Still, draw up an income statement for the year ending 30 September 2013, and a statement of financial position as at that date.
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Inventory: 1 October 2012 Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases Sales Salaries and wages Warehouse rent Insurance Motor expenses Office expenses Lighting and heating expenses General expenses Premises Motor vehicles Fixtures and fittings Accounts receivable Accounts payable Cash at bank Drawings Capital Inventory at 30 September 2013 was 44,780. Dr 41,600 2,100 3,700 1,540 188,430 61,400 3,700 1,356 1,910 412 894 245 92,000 13,400 1,900 42,560 5,106 22,000 484,253 Cr m 3,410 380,400 31,600 68,843 484,253
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To create an income statement and a statement of financial position also known as a balance sheet for G Still well need to calculate various elements ...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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