Assignment
The following is the summary of the cash box of sesay for the year ended 31/12/15
Bal b/d 43,020 cash paid to suppliers 142,850
Case from debtors 264550 wages and salaries 14,850
Additional capital 82,100 General expresses 12,430
Drawings 27,250
Rents 4,000
Postages 12,000
Bal b/d 187,290
389,670 389,670
Additional information
1/1/15 31/12/15
Stock 6,210 4,460
Debtors 14,625 10,680
Creditors 1360 1,120
wages/ salaries during 560 740
Rent paid in advance 460 350
Required:
a) Providing profit/loss A/c for the year ended 31/12/15
b) Balance sheet as @ that date