From the following data construct a statement of comprehensive income for S Rogers for the year ending
Question:
From the following data construct a statement of comprehensive income for S Rogers for the year ending 31 July 2018 and a statement of financial position as at that date.
Inventory at 31 July 2018 was valued at £75,343.
Transcribed Image Text:
Dr Cr Sales Purchases Returns inwards Returns outwards 765,755 545,343 5,424 6,562 Carriage inwards 1,213 Carriage outwards 5,343 Inventory as at 1 August 2017 63,443 Machinery 88,500 Fixtures and fittings 49,600 Trade receivables 42,540 Trade payables 53,453 Bank 23,123 Heating and lighting 24,211 Wages and salaries 43,243 General expenses 8,787 Distribution costs 5,989 Loan (repayable in 2023) 25,000 Capital 99,700 Drawings 24,343 Maintenance 2,667 Commission received 8,676 Equipment 24,500 Cash 877 959,146 959,146
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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