Question: ADDITIONAL INFORMATION: * Inventory at 31 December 2021 was valued at 11,800. * Wages due and Unpaid are 1,800. * Rent paid in advance 1,900.

 ADDITIONAL INFORMATION: * Inventory at 31 December 2021 was valued at11,800. * Wages due and Unpaid are 1,800. * Rent paid inadvance 1,900. * Depreciation to be PRoVided for as follow; 9,040 on

ADDITIONAL INFORMATION: * Inventory at 31 December 2021 was valued at 11,800. * Wages due and Unpaid are 1,800. * Rent paid in advance 1,900. * Depreciation to be PRoVided for as follow; 9,040 on Machinery and 4,060 on FURNITURE. * Outstanding telephone Charges 1,800. DECEMBER 2021 AND WANT YOU TO PREPARE ITS FINAL ACCOUNTS. From the given scenarios above Prepare financial statements from the trial balance of sole traders, partnerships and not-for-profit organizations, all relevant Financial Statements must be produced for all the 3 types of the business by making proper adjustments to show your understanding of accounting principles, conventions and standards. MUST BE DONE IN MS EXCEL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!