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From the following trial balance of P aka point Enterprises draw up a Income statement...

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Question

Accounting

From the following trial balance of P aka point Enterprises draw up a Income statement for
the year ended 30 September 2023, and a statement of financial position as at that date.
(12 marks)
Dr Cr
Ksh. Ksh.
Inventory 1 October 202223,680
Carriage outwards 2,000
Carriage inwards 3,100
Returns inwards 2,050
Returns outwards 3,220
Purchases 118,740
Sales 186,000
Salaries and wages 38,620
Rent 3,040
Insurance 780
Motor expenses 6,640
Office expenses 2,160
Lighting and heating expenses 1,660
General expenses 3,140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Receivables 38,960

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