The following is the trial balance of Cadiz Ltd as at 31 December. You also know that

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The following is the trial balance of Cadiz Ltd as at 31 December.

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You also know that the inventory at 31 December is €380,000.

You are required to:
■ prepare an income statement for the year ended 31 December and a balance sheet as at that date.

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Financial Accounting An International Introduction

ISBN: 9781292102993

6th Edition

Authors: David Alexander, Christopher Nobe

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Question Posted: Apr 17, 2024 04:13 AM

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The following is the trial balance of Cadiz Ltd as at 31 December. You also know that

Question:

Debit Credit 000 000 Accounts receivable 450 Accounts payable 623 Sales 5,750 Light and heat 570 Wages 1,200 Rent 800 Office expenses 320 Equity capital at 1 January 1,350 Inventory at 1 January 250 Purchases 2,160 Fixtures and fittings 285 Cash 2,188 Loan 500 8,223 8,223

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Financial Accounting An International Introduction

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