The following trial balance was extracted for Smithson plc as at 31 December 2017: Additional information: 1

Question:

The following trial balance was extracted for Smithson plc as at 31 December 2017:image text in transcribed

Additional information:
1 Inventory at 31 Dec 2017: £12,123 2 Tax charge for the year: £2,123 3 Depreciation is to be provided for as follows:
Property: 2% on cost Plant and equipment: 10% on cost.
From the above data, construct the financial statements for Smithson plc.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

Question Posted: