The following are summaries of the cash book and bank accounts of P. Maclaran who does not

Question:

The following are summaries of the cash book and bank accounts of P. Maclaran who does not keep her books using the double entry system.

You are required to:

(a) Calculate the value of P. Maclaran's capital on 1 January 2018.

(b) Prepare the Income Statement for the year ending 31 December 2018.

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Mar 02, 2024 02:01 AM

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The following are summaries of the cash book and bank accounts of P. Maclaran who does not

Question:

Bank Summary Balance on 1 January 2018 Receipts Trade receivables Cash banked Payments Trade payables Rent Machinery Wages 35,000 2,200 31,000 1,100 3,400 9,200 6,000 37,200 43,200

Step by Step Answer:

Frank Woods Business Accounting An Introduction To Financial Accounting

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