Financial Statements of a Sole Proprietorship – Practice Question 02
The accounting period of Tharindu’s business ends on 31.12.2019. The following is the trial balance as at 31.12.2019.
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