Year 10 - Accounts - 21.10.14

Thai Sikh International School

E-Learning Programme – Online Assignment –  21/10/2014

Name :                                                                                    Subject :  Accounting

Year   :  10 A/B                                                                      Week No. :  03                                  

1. Danby   is a trader. The following balances were extracted from his books on 31^st August 2005.                                                   $

Purchase                                  33800

Sales                                        60650

Wages and salaries                  11850

Rent and rates paid                   3675

Insurance                                    740

Carriage inwards                        630

Interest received                        230

General expenses                      5380

Rent received                             875

Debtors                                     5625

Creditors                                   3600

Bank overdraft                            780

Stock                                         4825

Capital                                     14500

Fixtures                                     5000

Drawings                                   9110

Additional information:

1. Closing stock $ 5600

2. At August 2005 rates prepaid were $ 75

3. Wages and salaries of $ 1175 were accrued at 31 August 2005.

4. Accountancy fees of $ 750 for the year were accrued at 31 August 2005.

Prepare Trading account and Profit And Loss account of Danby for the year ended 31 August 2005.

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