Prepare a profit and loss account for Mr. Rob’s farm for the year ending 31st Dec. 2009, given the following information:-

a)Prepare a profit and loss account for Mr. Rob’s farm for the year ending 31st Dec. 2009, given
the following information:-
Sale of milk Kshs.10,000
Sold two heifers kshs.10,000
Cabbage sold Kshs. 20,000
Debts payable Ksh.4,200
Sold tomatoes Kshs. 3,000
Veterinary bills Kshs.2,500
Bought livestock feeds Kshs.2,500
Purchase fertilizers Kshs.5,000
Bought seeds Kshs. 4,000
Debts receivable Kshs.20,000
Opening valuation Kshs.150,000
Closing valuation Kshs.200,000
(b) Did the farm make a profit or a loss? Calculate the percentage profit or loss made by the Farm

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b)

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sharon kalunda answered the question on April 15, 2019 at 14:43

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