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The following trial balance was extracted from the books of Bumala traders on 31st Dec 2011 Additional information; (i)Stock as at 31st December 2011 shs 52,000 (ii)Rent...

The following trial balance was extracted from the books of Bumala traders on 31st Dec 2011
fig5125920191127.png
Additional information;
(i)Stock as at 31st December 2011 shs 52,000
(ii)Rent accrued shs. 6,000
(iii)Insurance paid in advanced sh.4,000
(iv)Commission due shs.5,000
(v)Salaries along shs.21,000
Required;
(a)Trading, profit and lost account for the year ended 31st December 2011.
(b)Balance sheet as at that date

Answers


Kavungya
Bumala Traders
Trading Profit and Loss Account
fig5225920191128.png
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Kavungya answered the question on September 25, 2019 at 08:30

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