1 The following information relates to A Trader’s business: During the year, Trader had sold private investments for £4,000 which he paid into the business bank account, and he had drawn out £200...

1

The following information relates to A Trader’s business:

During the year, Trader had sold private investments for £4,000 which he paid into the business bank account, and he had drawn out £200 weekly for private use.

Required
:

Prepare a balance sheet as at 31 December 2009 and give the net profit as at that date.