ACTIVITY 8- prepare a trading and profit And Loss account and Balance sheet as at 31st October October 3 Rainbow caterers purchased supplies on credit From Mega Food Traders $748 October 9th- Cash Purchases $227 October 15th - Received cheque from Naz Rudeen $1,600 October 17th-Withdrew cash from bank for business use $1,500 October 18th- Received a cheque for $3,000 as payment for private catering job. October 30th – paid wages 2,896 by cheque October 30th - Withdrew cash from bank for personal use $500 October 31st- Received a credit note from mega Food Traders for returned good worth $98. These goods were damaged by water.

ACTIVITY 8- prepare a trading and profit And Loss account and Balance sheet as at 31st October October 3 Rainbow caterers purchased supplies on credit From Mega Food Traders $748 October 9th- Cash Purchases $227 October 15th - Received cheque from Naz Rudeen $1,600 October 17th-Withdrew cash from bank for business use $1,500 October 18th- Received a cheque for $3,000 as payment for private catering job. October 30th – paid wages 2,896 by cheque October 30th - Withdrew cash from bank for personal use $500 October 31st- Received a credit note from mega Food Traders for returned good worth $98. These goods were damaged by water.

Name: ACTIVITY 8- prepare a trading and profit And Loss account and Balance
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Description: ACTIVITY 8- prepare a trading and profit And Loss account and Balance sheet as at 31st OctoberOctober 3 Rainbow caterers purchased supplies on credit From Mega Food Traders $748October 9th- Cash Purchases $227October 15th – Received cheque from Naz

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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