Class Exercise – Crafting of Financial statementsDevelop the Statements of P&L and Financial position from the Trialbalance of Ruto Gondwe as at 30th September, 2021Dr (K)2,368200310205Cr (K)Stock 1 October, 2020Carriage outwardsCarriage inwardsReturns inwardsReturns outwardsPurchases32211,874Sales18,600Salaries and wages3,86230478664RentInsuranceMotor vehicle expensesOffice expensesLighting and heating expensesGeneral expenses216166314PremisesMotor VehiclesFixtures and fittings5,0001,8003503,896DebtorsCreditors1,731Cash and bank482DrawingsCapital1,20012.63633,28933,289Stock as at September 30, 2021 - K1,620

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Description: Class Exercise – Crafting of Financial statementsDevelop the Statements of P&L and Financial position from the Trialbalance of Ruto Gondwe as at 30th September, 2021Dr (K)2,368200310205Cr (K)Stock 1 October, 2020Carriage outwardsCarriage inwardsRetu

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Class Exercise – Crafting of Financial statements Develop the Statements of P&L and Financial position from the Trial balance of Ruto Gondwe as at 30th September, 2021 Dr (K) 2,368 200 310 205 Cr (K) Stock 1 October, 2020 Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases 322 11,874 Sales 18,600 Salaries and wages 3,862 Rent Insurance Motor vehicle expenses 304 78 664 Office expenses Lighting and heating expenses General expenses 216 166 314 5,000 1,800 350 Premises Motor Vehicles Fixtures and fittings Debtors 3,896 Creditors 1,731 Cash and bank 482 Drawings Capital 1,200 12.636 33,289 33,289 Stock as at September 30, 2021 – K1,620

Class Exercise – Crafting of Financial statements Develop the Statements of P&L and Financial position from the Trial balance of Ruto Gondwe as at 30th September, 2021 Dr (K) 2,368 200 310 205 Cr (K) Stock 1 October, 2020 Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases 322 11,874 Sales 18,600 Salaries and wages 3,862 Rent Insurance Motor vehicle expenses 304 78 664 Office expenses Lighting and heating expenses General expenses 216 166 314 5,000 1,800 350 Premises Motor Vehicles Fixtures and fittings Debtors 3,896 Creditors 1,731 Cash and bank 482 Drawings Capital 1,200 12.636 33,289 33,289 Stock as at September 30, 2021 – K1,620

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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