The following is the trial balance of Anu olusanya as at 31st December. draw up...

The following is the trial balance of Anu olusanya as at 31st December. draw up the final account for the year ended 31st December 2009.
1.stock;1 January 2009 52800 debit side.
2.sales276,400naira credit side.
3.purchase141,300naira debit side.
4.cariage inward1,350naira debit side.
5.carriage outward 5,840naira debit side.
6. return outward 2,408naira credit side.
7.wages and salaries 63,400naira debit side.
8.rates 3800naira debit side.
9.communication expenses 714naira debit side.
10.commisions paid 1,930naira debit side.
11.sundry expenses 1,830naira debit side.
12.insurance208naira debit side.
13.buildings 125,000 debit side.
14.accounts receivable 45,900naira debit side
15.account payable 24,870naia credit side.
16.fixtures 1,106naira debit side.
17.cash at bank 31,420naira debit side.
18.cash in hand 276naira debit side.
19.drawings 37,320naira debit side.
20.capital 210,516naira credit side.
each of the sides have the balance of 514,194.
stock at 31st December 2009 was 58,440naira.?

In Accounting
3 Answers Available
Asked by Ayodele on 14th June, 2023