(a)- Statement of Profit & Loss (b)- Statement of Financial position As at 13/30 Jun Purchases $...
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(a)- Statement of Profit & Loss
(b)- Statement of Financial position
| As at 13/30 Jun | |
| Purchases | $ 84,750.00 |
| Sales | $ 149,750.00 |
| Return Inward | $ 3,250.00 |
| Return Outward | $ 2,250.00 |
| Drawing | $ 4,750.00 |
| Inventory 1st Jul 2018 | $ 12,950.00 |
| Closing | $ 79,750.00 |
| Total recycle | $ 22,150.00 |
| Costing | $ 34,750.00 |
| Fixture & Fitting costing | $ 24,250.00 |
| Final Listing | $ 90,350.00 |
| Cash in bank | $ 15,600.00 |
| Salary | $ 16,550.00 |
| Carry Forward | $ 3,150.00 |
| Carry outward | $ 4,300.00 |
| Account reachable | $ 29,750.00 |
| Account payable | $ 14,750.00 |
| Water & Electricity | $ 3,600.00 |
| Insurance | $ 2,160.00 |
| Provision Product project | $ 500.00 |
| Discount allowed | $ 150.00 |
| Discount receive | $ 100.00 |
| Land Revenue | $ 4,250.00 |
| Rate 3000 loan from bank | $ 24,750.00 |
| Interest from loan | $ 750.00 |
| Commision | $ 2,500.00 |
| Capital | $ 109,400.00 |
| Additional information | |
| Rent revenue receive | $ 750.00 |
| Loan from Affin bank Taken on 1st oct 2018 interest charged per annum | 8% |
| Depreciation from the Motor Vehicle per annum | 20% |
| Fixtures & Fitting per annum | 10% |
| Rate | $ 50.00 |
| Insurance | $ 360.00 |
| Commison Revenue | $ 500.00 |
| invoice received at 30 june (comisen for the interest) | $ 750.00 |
| own hospital expenses | $ 1,000.00 |
| inventory asset at 30 june | $ 19,050.00 |
Expert Answer:
Statement of Trading Profit Loss Account for year ended 30 June 2019 Particulars Amount Particulars ... View the full answer
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