The following trial balance has been extracted from the ledger of M Krause: Additional information as at

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The following trial balance has been extracted from the ledger of M Krause:image text in transcribed

Additional information as at 31 December 2012:
1 Inventory in trade was valued at £16,740.
2 Power costs accrued were £235.
3 Sundry expenses owing were £90.
4 Salaries prepaid were £1,150.
5 Insurance prepaid was £312.
From this, construct a statement of comprehensive income for the year ended 31 December 2012 and a statement of financial position as at the year-end date.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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