the following is the trail balance of Ksmooth as at 31st march 2002. Draw up a set of final accounts for the year ended 31st March 2002.   Dr Cr Stock 1st April 2001 1,816,000   sales   9,234,000 purchase 6,918,500

Financial Accounting
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ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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the following is the trail balance of Ksmooth as at 31st march 2002. Draw up a set of final accounts for the year ended 31st March 2002.

  Dr Cr
Stock 1st April 2001 1,816,000  
sales   9,234,000
purchase 6,918,500  
carriage inwards 42000  
carriage outwards 157000  
Returns outwards   64,000
wages and salaries 1,024,000  
rent and rates 301,500  
communication expenses 62400  
commisions payable 21600  
insurance 40500  
sundry expenses 31800  
buildings 2,000,000  
debtors 1,432,000  
creditors   816,000
fixtures 285000  
cash at bank 27000  
cash in hand 11500  
drawings 762,000  
capital   5,088,800
  152,028 152028
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