FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Lucky House Ltd
As at 30 September 2020
Account Debit(£) Credit(£)
Cash at Bank 5,850
Capital Account 15,000
Machine 8,100
Raw Materials 2,655
Stationery 250
Accounts Payable 6,545
Rent 950
Business Insurance 38
Prepayments 1,362
Sales Income 17,550
Cost of Goods Sold 11,345
Drawings 4,000
Telephone 45
- Prepare a Statement of Profit & Loss and
Statement of Financial Position .
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