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

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

Section: Chapter Questions

Problem 1Q

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Solve this question with steps please. The subject is fundamental of financial accounting.
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