Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare an income statement for the year ended 30

Prepare an income statement for the year ended 30 June 2023 from the following information....

70.2K

Verified Solution

Question

Accounting

Prepare an income statement for the year ended 30 June 2023 from the following information. Revenue P40 000; Premises P7 500; Trade payables P10,000; Discount received P1 000; Wages and salaries P2 500; Purchases P28 000; Insurance P750; Bank loan P8 250; Rent P3 000; Trade receivables P8 600; Electricity P900; Bank P6 700; Opening inventory P1 300, and closing inventory P4500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

97 For which of the following the radius will be same as for hydrogen atom...

Physics
Q

The Kroger Company is one of the largest grocery retailers in the United States, with over...

Basic Math
Q

Question 14 Please answer the following set of questions, based on the information provided below. A service company...

Basic Math
Q

In your own words, write an introduction and conclusion, talking about customer privacy in business.

General Management
Q

Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey...

Finance
Q

Jay Miller sold his ski house at Attitash Mountain in New Hampshire for $42,000. This...

Basic Math
Q

Mika can eat 21 hot dogs in 6 minutes. She wants to know how many...

Basic Math
Q

The following data give the family size a and number of pets per family y...

Statistics
Q

Caroline is going to invest in an account paying an interest rate of 5.2% compounded...

Algebra
Q

Quick Corporation sold a machine for $80,000 that it had acquired three years ago for...

Accounting
Q

Please help me solve the following info, Data table ten Data table Crandell...

Accounting
Q

Kathy received Form 1099-C reporting $1,000 in cancelled credit card debt. This included $150 in...

Accounting