Use the following information to prepare the statement of financial position as at 31 March 20.9. The following balances appear in the books of XYZ Stores as at 31 March 20.9. Capital Drawings Vehicles Accumulated depreciation on vehicles Equipment Accumulated depreciation on equipment Share JSE Stock (1 April 20.8) Debtors Creditors Bank Sales Purchases Consumables Stationary expense Rent income Wages General Expense Additional Information • Stock on hand as at 31 March 20.9 was R 10 000 • The net profit for the year was R13 930. R 106 100 12 500 55 000 5 500 30 000 3 000 8 500 20 000 6365 5900 12 065 126 766 90 505 Ew 725 934 3170 11 475 2367

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information to prepare the statement of financial position as at 31 March 20.9.
The following balances appear in the books of XYZ Stores as at 31 March 20.9.
Capital
Drawings
Vehicles
Accumulated depreciation on vehicles
Equipment
Accumulated depreciation on equipment
Share JSE
Stock (1 April 20.8)
Debtors
Creditors
Bank
Sales
Purchases
Consumables
Stationary expense
Rent income
Wages
General Expense
Additional Information
• Stock on hand as at 31 March 20.9 was R 10 000
• The net profit for the year was R13 930.
R
106 100
12 500
55 000
5 500
30 000
3 000
8 500
20 000
6 365
5900
12 065
126 766
90 505
725
934
3 170
11 475
2 367
Transcribed Image Text:Use the following information to prepare the statement of financial position as at 31 March 20.9. The following balances appear in the books of XYZ Stores as at 31 March 20.9. Capital Drawings Vehicles Accumulated depreciation on vehicles Equipment Accumulated depreciation on equipment Share JSE Stock (1 April 20.8) Debtors Creditors Bank Sales Purchases Consumables Stationary expense Rent income Wages General Expense Additional Information • Stock on hand as at 31 March 20.9 was R 10 000 • The net profit for the year was R13 930. R 106 100 12 500 55 000 5 500 30 000 3 000 8 500 20 000 6 365 5900 12 065 126 766 90 505 725 934 3 170 11 475 2 367
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