Financial Statements of a Sole Proprietorship – Practice Question 02

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Question

The accounting period of Tharindu’s business ends on 31.12.2019. The following is the trial balance as at 31.12.2019.

Trial balance of Tharindu's business

Additional information: 

Additional information of Tharindu's business

Note: Inventories refer to the stock of goods. All inventories have been sold out means there is no closing stock as at 31.12.2019

Trial balance with the workings for adjustments is as follows

Answers

Categories: Accounting

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