Question: 4:16 marks) Amrita is a sole trader has just started a small computer services business, at the end of its financial year 31 Dec 2018
4:16 marks) Amrita is a sole trader has just started a small computer services business, at the end of its financial year 31 Dec 2018 she produced the following trial balance. Explanation Dr Revenue Cr 75,000.00 Sales Returns 1,500.00 Expenses 47.500.00 Fixtures and equipment 15,000.00 Trade receivables 2,000.00 Trade payable 6,000.00 Bank 9,000.00 Cash 1,000.00 land 30,000.00 Opening capital 37,000.00 Drawings 12,000.00 118,000.00 118,000.00 Requirements: 1- Construct the statement of comprehensive income for Amrita business at 31 Dec 2018 2- Construct the statement of financial position at 31 Dec 2018. (5 marks) (11 marks)
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