The following trial balance was extracted from the books of L. Kesego as at 31 Dec 2017. Use it to prepare income statement and financial position of a business for the term ended Dec 2017. Dr Cr P Iuventory I Jamary 2017 34 000 Purchases 98 750 Revene 135 890 Returns outwards 590 Carriage inwards 2 700 Carriage outwards 1 650 Wages and salaries 15 800 Rent and rates 3.500 Fixtures and fiting 32 600 Motorvan 26 000 Trade receivables 18 500 Trade payables 34 160 Capital 96 900 Drawing 6 500 Cash 3 400 Bank 23 560 Motor expenses 350 Stationery 230 267 540 267 540 Total Stock was valued at P6 500 as at 31 December 2017

The following trial balance was extracted from the books of L. Kesego as at 31 Dec 2017. Use it to prepare income statement and financial position of a business for the term ended Dec 2017. Dr Cr P Iuventory I Jamary 2017 34 000 Purchases 98 750 Revene 135 890 Returns outwards 590 Carriage inwards 2 700 Carriage outwards 1 650 Wages and salaries 15 800 Rent and rates 3.500 Fixtures and fiting 32 600 Motorvan 26 000 Trade receivables 18 500 Trade payables 34 160 Capital 96 900 Drawing 6 500 Cash 3 400 Bank 23 560 Motor expenses 350 Stationery 230 267 540 267 540 Total Stock was valued at P6 500 as at 31 December 2017

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Description: 08:08ll 20%Microsoft Word - income statement-1.pdfThe following trial balance was extracted from the books of L. Kesego as at 31 Dec 2017. Useit to prepare income statement and financial position of a business for the term ended Dec2017.DrCrPInvento

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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