From the ledger accounts of S Ingleton, shown in figure 9.32, prepare an income statement for the
Question:
From the ledger accounts of S Ingleton, shown in figure 9.32, prepare an income statement for the year ended 30 June 2022.
Transcribed Image Text:
Inventory [opening] Purchases Trading 2 138 Sales 29 016 Inventory [closing] Freight Inward 652 Profit and Loss (gross pr] 33 640 65 446 62 898 2 548 65446 Advertising Cartage Out Commission Wages Photocopying Rates Electricity Interest Bad Debts Expense Capital [net profit] Profit and Loss 582 Trading (gross profit] 33 640 418 Commission Received 881 196 11 785 173 2 507 652 863 279 17 066 34 521 34 521
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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