Question: Read the information below and answer the following question. You are a business manager with Elite Ltd, a sportswear manufacturer producing mainly running wear. Your

Read the information below and answer the following question. You are a business manager with Elite Ltd, a sportswear manufacturer producing mainly running wear. Your director has asked you to produce the draft financial statements for the year ended 31 July 2014, based on the trial balances below, which have been extracted from the accounting system and the information in the notes to the accounts. You have been given a pro forma layout to assist you in your task

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