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The Trial Balance extracted on the 31st December, 2010 is shown below for Compu Express Ltd., a dealer in Computers.

1141_trial balance.jpg

Notes:

a) Closing stock at 31.12.10 is $2,800.

b) All the assets should be depreciated at 10% on a straight line basis.

c) There is an accrual of $500 on Rent and rates.

You are needed to make an Income Statement for the period ending 31.12.2010

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M96967

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