Assignment 1 (Income statement and Balance sheet)

Assignment 1 (Income statement and Balance sheet) - 7.1...

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7.1 From the following trial balance of A Moore, extracted after one year’s trading, prepare a trading And profit and loss account for the year ended 31 December 20X6. A balance sheet is not required. Trial Balance as at 31 December 20X6 Trial Balance as at 31 December 20X6 Dr Cr Sales Purchases Salaries Motor expenses Rent Insurance General expenses Premises Motor Vehicles Debtors Creditors Cash at bank Cash in hand Drawings Capital 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 16,519 342 8,425 190,576 16,524 138,066 345,166 345,166 Stock at 31 December 20X6 was £12,408.
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