The above figures are taken form the accounting records of L Stokes Sdn Bhd, a recruitment agency, at the end of financial year on 30 September 2008. Draft the income statement and the balance sheet.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Queation 1
Capital
30955
Drawings
8420
Cash at bank
3115
Cash at hand
295
Debtors
12300
Creditors
9370
Stock at 30/9/2007
23910
Van
4100
Office Equipment
6250
Sales
130900
Purchases
Return Inwards
92100
550
Carriage Inwards
215
Return outwards
307
Carriage outwards
309
Motor Expenses
1630
Rent
2970
Telephone charges
405
Wages & salaries
12810
Insurance
492
Office expenses
1377
Sundry expenses
284
171532
171532
The above figures are taken form the accounting records of L Stokes Sdn Bhd, a
recruitment agency, at the end of financial year on 30 September 2008. Draft the
income statement and the balance sheet.
Transcribed Image Text:Pop Quiz Queation 1 Capital 30955 Drawings 8420 Cash at bank 3115 Cash at hand 295 Debtors 12300 Creditors 9370 Stock at 30/9/2007 23910 Van 4100 Office Equipment 6250 Sales 130900 Purchases Return Inwards 92100 550 Carriage Inwards 215 Return outwards 307 Carriage outwards 309 Motor Expenses 1630 Rent 2970 Telephone charges 405 Wages & salaries 12810 Insurance 492 Office expenses 1377 Sundry expenses 284 171532 171532 The above figures are taken form the accounting records of L Stokes Sdn Bhd, a recruitment agency, at the end of financial year on 30 September 2008. Draft the income statement and the balance sheet.
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