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The following information was obtained from the records of Mr Juma’s farm for the year ended on 31st march 2011 Particulars ...

The following information was obtained from the records of Mr Juma’s farm for the year ended on 31st march 2011
Particulars kshs
Opening Valuation 100,000
Calves 72,000
Hired Labour 21,000
Sales of milk 13,000
Sales of cereals 33,000
Rent 9,000
Feed 5,300
Seed 1,700
Fertilizers 4,700
Sales of Vegetables 9,300
Sales of poultry 1,800
Sales of fruits 700
Pesticides 1,250
Depreciation 650
Repair and Maintenance 950
Interest on loans 200
Closing Valuation 9,0000
a)using the information given above , prepare a profit and loss account for Mr Juma’s farm for the year ended 31st March
b)Giving a reason, State whether Mr. Juma’s farm made a profit or loss

Answers


Kavungya
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b)loss
Kavungya answered the question on October 4, 2019 at 09:22

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