Toby Moore provides the following trial balance extracted from his books of account on 31 July 20*8.

Question:

Toby Moore provides the following trial balance extracted from his books of account on 31 July 20*8.

Additional information at 31 July 20*8:

stock was valued at £9,315; insurance has been prepaid £58.


Required

Prepare:

a) A trading and profit and loss account for the year ended 31 July 20*8
b) A balance sheet at 31 July 20*8.

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