ZIMSEC O Level Principles of Accounts Notes: Sole Trader: Trading and profit and loss accounts and balance sheets: Other items
From the following trial balance of G Musandu, draw up a trading and profit and loss account for the year ended 30 September 20X9, and a balance sheet as at that date.
Trial Balance as at 30 September 20×8
|Stock 1 October 20x8||41600|
|Salaries and wages||61400|
|Lighting and heating expenses||894|
|Fixtures and Fitting||1900|
|Cash at Bank||5106|
The Trading and Profit and Loss Account solution is found here
The Balance Sheet solution is found here
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