The following Trial balance was extracted from the book of F.Sorly on 30 April 20x7 From it and the note about stock prepare a his profit or loss account for the year ended ,30 April 20x7 . And a balance sheet as at that date. Details (k). (k) Sales ( 210,420 ) Purchases. ( 108,680 ) Stock 1may 20x6. (9,410) Carriage outwards ( 1,115) Carriage inwards (840) Return inwards ( 4,900) Return outwards. (3,720) Salaries and wages (41,800) Motor expenses (912) Rent (6,800) Sundry expenses (318) Motor vehicles (14,400) Fixtures and fittings(912) Debtors ( 23,200) Creditors ( 14,100) Cash at bank( 4,100) Cash at hand( 240) Drawings( 29,440) Capital ( 18,827) Total k247,067 Stock at 30 April 20x7 was k11,290
The following
From it and the note about stock prepare a his profit or loss account for the year ended ,30 April 20x7 . And a
Details (k). (k)
Sales ( 210,420 )
Purchases. ( 108,680 )
Stock 1may 20x6. (9,410)
Carriage outwards ( 1,115)
Carriage inwards (840)
Return inwards ( 4,900)
Return outwards. (3,720)
Salaries and wages (41,800)
Motor expenses (912)
Rent (6,800)
Sundry expenses (318)
Motor vehicles (14,400)
Fixtures and fittings(912)
Debtors ( 23,200)
Creditors ( 14,100)
Cash at bank( 4,100)
Cash at hand( 240)
Drawings( 29,440)
Capital ( 18,827)
Total k247,067
Stock at 30 April 20x7 was k11,290
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