The following trial balance have been extracted from bookkeeping records at 31st Dec. 2021 Cr Sales...
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The following trial balance have been extracted from bookkeeping records at 31st Dec. 2021 Cr Sales Purchases Wages and salaries Office expenses Insurance Electricity Stationary Advertising Telephone Rates Discount Allowed Discount received Rent received for spare room Returns inwards Returns outwards Opening Stock (as at 1.1. 2021) Premises Fixtures & Fitting Debtors Cash in hand Creditors Overdraft at bank Capital Drawings Total In addition, the following information is available Stock at 31st December 2021 valued at Insurance paid in advance 31st December 2021 Electricity accrued 31st December 2021 Advertising expenses accrued 31st December 2021 Rates Prepaid at 31st December 2021 Dr 210,500 18,700 2,500 1,100 600 2,400 3,500 800 3,000 300 3,500 50,000 100,000 15,000 54,000 500 17,000 483,400 293,100 500 5,000 5,500 18,500 30,800 130,000 483,400 57,000 400 300 200 600 NING INF ned. idi INSALAAM Required: Prepare a Trading Profit & Loss Account (10 Marks) for the year ending 31st December 2021, and a balance sheet as at that data (8Marks), in horizontal or vertical format. *** The following trial balance have been extracted from bookkeeping records at 31st Dec. 2021 Cr Sales Purchases Wages and salaries Office expenses Insurance Electricity Stationary Advertising Telephone Rates Discount Allowed Discount received Rent received for spare room Returns inwards Returns outwards Opening Stock (as at 1.1. 2021) Premises Fixtures & Fitting Debtors Cash in hand Creditors Overdraft at bank Capital Drawings Total In addition, the following information is available Stock at 31st December 2021 valued at Insurance paid in advance 31st December 2021 Electricity accrued 31st December 2021 Advertising expenses accrued 31st December 2021 Rates Prepaid at 31st December 2021 Dr 210,500 18,700 2,500 1,100 600 2,400 3,500 800 3,000 300 3,500 50,000 100,000 15,000 54,000 500 17,000 483,400 293,100 500 5,000 5,500 18,500 30,800 130,000 483,400 57,000 400 300 200 600 NING INF ned. idi INSALAAM Required: Prepare a Trading Profit & Loss Account (10 Marks) for the year ending 31st December 2021, and a balance sheet as at that data (8Marks), in horizontal or vertical format. ***
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
Posted Date:
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