Task 3.9.5A The following is the trial balance of T. Owen as at 31 March 2016. Draw up a set of financialstatements for the year ended 31 March 2016.DrInventory: 1 April 2015SalesPurchases52,800276,400141,3001,3505,840Carriage inwardsCarriage outwardsReturns outwwardsWages and salariesBusiness ratesCommunication expensesCommissions paid2,40863,4003,8007141,9301,830Insurance208Sundry expensesBuildingsAccounts receivableAccounts payableFixturesCash at bankCash in handDrawingsCapital125,00045,90024,8701,10631,42027637,320210,516514,194514,194Inventory at 31 March 2016 was £58,440. ing 30 September 2017, and a statement of financial position as at that dateSalesthe following trial balance of G. Stil, draw up a statement of profit or loss for the year end-Drinwentory 1 October 2016Carriage outwardsCarriage inwardsReturns inwardsReturns outwPurchasesSalesSalaries and wegesWarehouse ren41,6002,10015403.41014430S840041,4003.700inuranceMotor expOffice expersesLightingGener al expenesPrem412542452.0013400and heating expensesMotowehiclesand Sesings40.56receivable5.10622.0Accounts payableCah at bankDrawingsCapital4.Iventory at 30 September 2017 as (4780

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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 ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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