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The following trial balance has been extracted from the books

The following trial balance has been extracted from the books of Garswood as at 31 March 2010:

Question:

The following trial balance has been extracted from the books 132778

Required:
Prepare Garswood's trading and profit and loss account for the year to 31 March 2010 and a balance sheet as at thatdate.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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55 700 Discounts allowed Investment income received Office equipment Other creditors Other debtors Purchases returns 63 000 Trade creditors 127 100

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The following trial balance has been extracted from the books of Garswood as at 31 March 2010:

Question:

55 700 Discounts allowed Investment income received Office equipment Other creditors Other debtors Purchases returns 63 000 Trade creditors 127 100

Step by Step Answer:

GARSWOOD Trading profit and loss account for the year to 31 March 2010 Sales 63000 3000 60000 Less P...View the full answer

Accounting for Non-Accounting Students

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