-The table below shows transactions from Mr. Situmbeko's business for the year ended 31 December, 2016. Prepare a trading and profit and loss account for the year ended 31 December 2016. Prepare also a balance sheet as at December 2016. Stock at 31- December 2016 was K12.408.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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FINANCIAL MANAGEMENT
Example
. The table below shows transactions from Mr. Situmbeko's business
for the year ended 31 December, 2016. Prepare a trading and
profit and loss account for the year ended 31 December 2016
Prepare also a balance sheet as at December 2016. Stock at 31-
December 2016 was K12.408.
Sales
Purchases
Salaries
Motor expenses
Rent
Insurance
General expenses
Premises
Motor vehicles
Debtors
Creditors
Cash at bank
Cash in hand
Drawings
Capital
K
190,576
119,832
56,527
2,416
1,894
372
85
95,420
16,594
26,740
16,524
16,519
342
8,425
138,066
Transcribed Image Text:FINANCIAL MANAGEMENT Example . The table below shows transactions from Mr. Situmbeko's business for the year ended 31 December, 2016. Prepare a trading and profit and loss account for the year ended 31 December 2016 Prepare also a balance sheet as at December 2016. Stock at 31- December 2016 was K12.408. Sales Purchases Salaries Motor expenses Rent Insurance General expenses Premises Motor vehicles Debtors Creditors Cash at bank Cash in hand Drawings Capital K 190,576 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 16,524 16,519 342 8,425 138,066
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