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based on the trial balance above, Prepare the Statement of Profit and Loss for the...

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Accounting

based on the trial balance above, Prepare the Statement of Profit and Loss for the year ended 30 June 2020 and Statement of Financial Position as at 30 June 2020. The trial balance is as follows:-

Debit

Credit

Capital

105000

Bank

61020

Cash

12200

Shop

52000

electricity expenses

180

Salaries

3000

Sales

58500

Purchase

33200

Meng Ltd

3000

Drawing

300

Insurance

1000

Lala Shop

120

Sublet rent

1200

Shop equipment

2000

Returns outwards

80

Van

3000

Total

167900

167900

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