Morning Bakers have prepared a summary of their bank statement for the year ending 30 June 2012

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Morning Bakers have prepared a summary of their bank statement for the year ending 30 June 2012 as shown. Deposits not cleared were £15,500 on 1.7.2011 and £9,500 a year later; while cheques not presented for payment amounted to £27,400 on 1.7.2011 and £3,000 a year later. All payments are always made by cheque and sales are always strictly on a cash basis. Identify the sales in the year.


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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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