Net income and BS?? Sales46,828Purchases32,222Capital80,000Debtors12,038Creditors11,290Bank7,530Cash in hand258Premises54,000Fixtures and fittings 15,000Equipment8,000Wages3,800Motor vehicies558Drawings2,800Sundries912Rent1000

1. Income Statement 2. Balance Sheet The first statement shows the income earned and loss incurred…

Sales 46,828 Purchases 32222 Capital 80,000 Debtors 12.036 Creditors 11,290 Bank 7,530 Cash in hand 256 Premises 54,000 Fatures and ftings 15,000 Equipment 8.00 Wages 3,800 Motor vehicies 558 Drawings 2,800 Sundries 912 Rent 1000

Sales 46,828 Purchases 32222 Capital 80,000 Debtors 12.036 Creditors 11,290 Bank 7,530 Cash in hand 256 Premises 54,000 Fatures and ftings 15,000 Equipment 8.00 Wages 3,800 Motor vehicies 558 Drawings 2,800 Sundries 912 Rent 1000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Net income and BS??

Sales
46,828
Purchases
32,222
Capital
80,000
Debtors
12,038
Creditors
11,290
Bank
7,530
Cash in hand
258
Premises
54,000
Fixtures and fittings 15,000
Equipment
8,000
Wages
3,800
Motor vehicies
558
Drawings
2,800
Sundries
912
Rent
1000

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