The following information relates to the year ended 29 February 20*8 for Fred: stock at 1 March
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The following information relates to the year ended 29 February 20*8 for Fred:
stock at 1 March 20*7 £2,765; stock at 29 February 20*8 £2,890; purchases £34,675; purchase of computer for shop £2,990; sales £71,320; returns inward £276; returns outward £100; carriage inwards £187; carriage outwards £908; wages £8,650; telephone £1,981; rent £6,000; heating and lighting £2,410; general expenses £7,845.
Required
Prepare a trading and profit and loss account for the year ended 29 February 20*8.
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Trading and Profit Loss Account for the Year Ended 29 February 208 Particulars Amount Tr...View the full answer
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