Professional Documents
Culture Documents
sales 80000 Rent Business rates Sundry expenses Motor vehicle at cost Accounts receivable and accounts payable 2100 Bank Provision for depreciation on motor vehicle 1200 Capital at 1 September 2007 12600 Drawings 95,900 At 31 August 2008 there was: Inventory valued at cost prices $9000 8000 60000 4000 1000 300 9000 1100 1500
11000 95,900
Required: An income for the year ending 31 August together with a balance sheet as at that date.