Pablo supplies the following information for the year ended 29 February 20*8: stock at 1 March 20*7
Question:
Pablo supplies the following information for the year ended 29 February 20*8:
stock at 1 March 20*7 £211; stock at 29 February 20*8 £485; purchases £27,665; sales £74,882; wages £32,559; motor expenses £11,456; rates £674; general expenses £5,391.
Required
Prepare a trading and profit and loss account for the year ended 29 February 20*8.
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