The following data relates to the accounts of M Lyne for the year ended 31 December 2015.
Question:
The following data relates to the accounts of M Lyne for the year ended 31 December 2015.
Calculate the amounts to be deducted from or added to the year’s gross profit.
Transcribed Image Text:
Amounts paid and received Salaries Rent received Motor expenses Additional information: Salaries Rent received Motor expenses 5,600 2,750 843 As at 31 Dec 2014 Balance owing 439 Balance owing 117 Balance prepaid 42 As at 31 Dec 2015 Balance prepaid 280 Balance owing 265 Balance prepaid 55
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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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