Mr R.Wynter operates a grocery shop. He keeps an incomplete set of records. The details of...

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Mr R.Wynter operates a grocery shop. He keeps an incomplete set of records. The details of the business at September 30, 2022 were as follows: $ Cash Bank Debtors Creditors Stock Motor Van Premises 600 900 8750 9375 6500 3000 5000 Mr wynter's capital was $27500 at October 1, 2021. Wynter withdrew $300 each month for his private use. He agrees that his motor van should be depreciated by $600 and his premises by $200. You are required to: I. Prepare Mr Wytner's Balance Sheet, showing his financial position on September 30, 2022. (15 marks) II. Prepare a statement to show Mr Wytner's profit or loss for the year October 1, 2021 - September 30, 2022. (3 marks) (Total 20 marks) Mr R.Wynter operates a grocery shop. He keeps an incomplete set of records. The details of the business at September 30, 2022 were as follows: $ Cash Bank Debtors Creditors Stock Motor Van Premises 600 900 8750 9375 6500 3000 5000 Mr wynter's capital was $27500 at October 1, 2021. Wynter withdrew $300 each month for his private use. He agrees that his motor van should be depreciated by $600 and his premises by $200. You are required to: I. Prepare Mr Wytner's Balance Sheet, showing his financial position on September 30, 2022. (15 marks) II. Prepare a statement to show Mr Wytner's profit or loss for the year October 1, 2021 - September 30, 2022. (3 marks) (Total 20 marks)

Answer rating: 100% (QA)

a Mr Wytners Balance Sheet ASSETS Current Assets Cash 600 Bank 900 Creditors 9375 Stock 6500 TOTAL ... View the full answer