1 Greshan is in business as a sole trader.

The following balances were extracted from his books on

30 April 2022.
$
Revenue 420 000
Purchases 268 000
Returns inwards 6 620
Returns outwards 3 240
Inventory at 1 May 2021 32 400
Carriage inward 11 710
Inventory at 30 April 2022 22 600

REQUIRED
Prepare trading account section of the income statement for the year ended 30 April 2022.

2 Francis is a sole trader. The following balances were extracted from his books on 30 September
2021.
$
Inventory at 1 October 2020 24 680
Inventory at 30 September 2021 30 335
Revenue 268 500
Purchases 125 250
Returns inwards 6 400
Returns outwards 3 600
Carriage inwards 12 900

REQUIRED
Prepare trading account section of the income statement for the year ended 30 September 2021.
3 Kelwin is in business as a sole trader. The following balances were extracted from his books on
31 December 2021.
$
Purchases 185 800
Carriage inwards 11 240
Inventory at 1 January 2021 18 270
Returns inwards 12 400
Returns outwards 6 650
Revenue 396 200
Inventory at 31 December 2021 15 600

REQUIRED
Prepare trading account section of the income statement for the year ended 31 December 2021.

4 Richard is in business as a sole trader. The following balances were extracted from his books on
31 March 2022.
$
Purchases 61 500
Revenue 115 800
Carriage inwards 6 700
Returns outwards 2 850
Returns inwards 3 200
Inventory at 1 April 2021 5 800
Inventory at 31 March 2022 7 750

REQUIRED
Prepare trading account section of the income statement for the year ended 31 March 2022.
5 Desmond is in business as a sole trader. The following balances were extracted from his books
on 30 April 2022.
$
Gross profit 125 140
Water and electricity 12 400
Wages and salaries 51 600
Advertising 24 000
General expenses 17 400
Rent received 9 000
Bank loan interest 2 400
Premises depreciation 4 200
Computer equipment depreciation 6 000
Fixtures and fittings depreciation 5 800
Bad debts 1 400
Doubtful debts 120
Carriage outward 4 440
Discounts allowed 930
Discounts received 550

REQUIRED
Prepare profit and loss account section of the income statement for the year ended 30 April
2022.