From the following trial balance of B. Cork, extracted after one years trading, prepare an income statement
Question:
From the following trial balance of B. Cork, extracted after one year’s trading, prepare an income statement for the year ending 31 December 2012. A statement of financial position is not required.
Transcribed Image Text:
Sales Purchases Salaries Motor expenses Rent Trial balance as at 31 December 2012 Dr Insurance General expenses Premises Motor vehicles Accounts receivable Accounts payable Cash at bank Cash in hand Drawings Capital Inventory at 31 December 2012 was 15,600. 120,800 58,600 2,400 1,900 300 170 95,600 17,200 26,800 16,400 600 8,400 349,170 Cr 200,500 17,600 131,070 349,170
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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