The following information is supplied for the year ended 31 August 20*8 for Janice: stock at 1
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The following information is supplied for the year ended 31 August 20*8 for Janice: stock at 1 September 20*7 £673; stock at 31 August 20*8 £891; purchases £29,041; sales £93,673; returns inward £276; returns outward £450; carriage inward £452; carriage outward £772; wages £23,774; general expenses £5,675; motor expenses £2,563; rent £3,600; rates £895; telephone £779; advertising £1,250; heat and light £2,588.
Required
Prepare a trading and profit and loss account for the year ended 31 August 20*8.
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