9.5A The following is the trial balance of T. Owen as at 31 March 2016. Draw up a set of financial statements for the year ended 31 March 2016. Dr Cr Inventory: 1 April 2015 Sales Purchases 52,800 276,400 Carriage inwards Carriage outwards Returns outwards 141,300 1,350 5,840 2,408 Wages and salaries Business rates Communication expenses Commissions paid 63,400 3,800 714 1,930 1,830 208 Insurance Sundry expenses Buildings Accounts receivable Accounts payable Fixtures Cash at bank Cash in hand 125,000 45,900 24,870 1,106 31,420 276 37,320 Drawings Capital 210,516 514,194 514,194 Inventory at 31 March 2016 was £58,440.
9.5A The following is the trial balance of T. Owen as at 31 March 2016. Draw up a set of financial statements for the year ended 31 March 2016. Dr Cr Inventory: 1 April 2015 Sales Purchases 52,800 276,400 Carriage inwards Carriage outwards Returns outwards 141,300 1,350 5,840 2,408 Wages and salaries Business rates Communication expenses Commissions paid 63,400 3,800 714 1,930 1,830 208 Insurance Sundry expenses Buildings Accounts receivable Accounts payable Fixtures Cash at bank Cash in hand 125,000 45,900 24,870 1,106 31,420 276 37,320 Drawings Capital 210,516 514,194 514,194 Inventory at 31 March 2016 was £58,440.
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 1.6BPE
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