Please do not give salutations in image format thankuh 8.6A The following information relates to A Trader's business:Assets and liabilities at1 January 20X9£18,0004,80024,0008,000760FixturesDebtorsStockCreditorsCashBalance at bankLoan from B BurtonMotor vehicle15,6006,00031 December 20X9f16,2005,80028,00011,0002404,6002,00016,000During the year, Trader had sold private investments for £4,000 which he paid into the businessbank account, and he had drawn out £200 weekly for private use.Required:Prepare a profit and loss account for the year ending 31 December 20X9 and a balance sheet as atthat date.

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Description: Please do not give salutations in image format thankuh 8.6A The following information relates to A Trader's business:Assets and liabilities at1 January 20X9£18,0004,80024,0008,000760FixturesDebtorsStockCreditorsCashBalance at bankLoan from B BurtonMo

Given in the question: The owner invested £4,000 Drawings per week = £200 To get the beginning…

Answered: Prepare a profit and loss account for…

Business

Accounting

Prepare a profit and loss account for the year ending 31 December 20X9 and a balance sheet as at that date.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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