Complete question 7.4A by drawing up a balance sheet as at 30 June 20X8. Data from Question
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Complete question 7.4A by drawing up a balance sheet as at 30 June 20X8.
Data from Question 7.4A
Extract a trading and profit and loss account for the year ended 30 June 20X8 for G Graham. The trial balance as at 30 June 20X8 after his first year of trading was as follows:
Stock at 30 June 20X8 was £29,304.
Transcribed Image Text:
Equipment rental Insurance Lighting and heating expenses Motor expenses Salaries and wages Sales Purchases Sundry expenses Lorry Creditors Debtors Fixtures Shop Cash at bank Drawings Capital Dr £ 940 1,804 1,990 2,350 48,580 245,950 624 19,400 44,516 4,600 174,000 11,346 44,000 600,100 Cr £ 382,420 23,408 194,272 600,100
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Balance Sheet As of 30 June 20X8 Assets Liabilities Equipment rental 940 Creditors 23408 In...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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