Incomplete Records
1. This question has 2 part(s).
1.1. On 1 May 2021 Sajjan started a business with capital of $75000.
She provided the following information on 30 April 2022.
Bank summary
Receipts | $ | Payments | $ |
|---|---|---|---|
Capital | 75000 | Drawings | 31750 |
Trade receivables | 165200 | Motor vehicle | 40000 |
Balance c/d | 3225 | Office expenses | 18975 |
Rent and rates | 14600 | ||
Trade payables | 104200 | ||
Wages and salaries | 28900 | ||
Motor expenses | 5000 | ||
243425 | 243425 | ||
Balance b/d | 3225 |
Closing inventory was valued at $36000
The carrying value of the motor vehicle was $38000
Trade receivables were $51700 and trade payables were $42500
A provision for irrecoverable debts of 5% of trade receivables was created.
Wages and salaries of $2100 were owing and rent and rates of $1400 were paid in advance.
Prepare the income statement for the year ended 30 April 2022.
Sajjan
Income statement for the year ended 30 April 2022
1.2. Prepare the statement of financial position at 30 April 2022.
Sajjan
Statement of financial position at 30 April 2022
Ai এর মাধ্যমে
১০ লক্ষ+ প্রশ্ন ডাটাবেজ
প্র্যাকটিস এর মাধ্যমে নিজেকে তৈরি করে ফেলো
উত্তর দিবে তোমার বই থেকে ও তোমার মত করে।
সারা দেশের শিক্ষার্থীদের মধ্যে নিজের অবস্থান যাচাই
No related questions found
