The following financial information relates to Grand Investment: Details Capital Trade accounts receivable Pula Amount 83 887 24500 Purchases 135 680 Sales 259 870 19 840 Trade accounts Payables Returns out Allowance for doubtful debts Discount allowed Discount received Returns inwards 13,407 512 2 306 1750 5,624 Carriage outwards Drawings 4 562 18 440 Carriage inwards 11 830 Rent,rates and insurance Heating,stationery and telephone Advertising Salaries and wages Bad Debts Cash in hand 25 973 11 010 2410 38 521 2008 534 Cash at bank Inventory as at 1 May 2016 Fixtures and fittings - at cost 4 440 15 654 120 740 Accumulated depreciation 1 May 2016 63 020 Depreciation 12 074 Required: (a) Prepare an Income Statement for the business for the year ended 30 April, 2024.
The following financial information relates to Grand Investment: Details Capital Trade accounts receivable Pula Amount 83 887 24500 Purchases 135 680 Sales 259 870 19 840 Trade accounts Payables Returns out Allowance for doubtful debts Discount allowed Discount received Returns inwards 13,407 512 2 306 1750 5,624 Carriage outwards Drawings 4 562 18 440 Carriage inwards 11 830 Rent,rates and insurance Heating,stationery and telephone Advertising Salaries and wages Bad Debts Cash in hand 25 973 11 010 2410 38 521 2008 534 Cash at bank Inventory as at 1 May 2016 Fixtures and fittings - at cost 4 440 15 654 120 740 Accumulated depreciation 1 May 2016 63 020 Depreciation 12 074 Required: (a) Prepare an Income Statement for the business for the year ended 30 April, 2024.
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.7EC
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