Calculate profit - loss and balance sheet

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Reference no: EM132071920

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

Reference no: EM132071920

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