Question: Hakim is a sole trader has just started a small computer services business; at the end of its financial year 31 Dec 2020 he

Hakim is a sole trader has just started a small computer services business; at the end of its financial year 31 Dec 2020 he produced the following trial balance: Explanation Revenue Sales Returns Expenses Fixtures and equipment Trade receivables Trade payable Bank Cash land Opening capital Drawings 2,440.00 38,600.00 25,000.00 43,000.00 120,000.00 12,000.00 50,000.00 32,000.00 323,040.00 Dr 87,000.00 26,000.00 210,040.00 323,040.00 Cr Requirements: 1- Construct the statement of comprehensive income for Amrita business at 31 Dec 2020. 2- Construct the statement of financial position at 31 Dec 2020. (5 marks) (11 marks)

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