J. White, a sole trader, has produced the following statements of financial position for the years ended

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J. White, a sole trader, has produced the following statements of financial position for the years ended 31 March 20X8 and 31 March 20X9.

J. White is unable to understand why, after he has made a profit for the year ended 31 March 20X9 of £5,800, his bank balance has fallen by £6,500.


Required
Prepare a report explaining how this has occurred.

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Introduction To Financial Accounting

ISBN: 9781526803009

9th Edition

Authors: Anne Marie Ward, Andrew Thomas

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