1 The trial balance for a small business at 31 August 2008 is as follows: At 31 August 2008 there was: l Stock valued at cost prices £9,100 l Accrued rent of £400 l Prepaid business rates of £300 l...

1

The trial balance for a small business at 31 August 2008 is as follows:

At 31 August 2008 there was:

l Stock valued at cost prices £9,100

l Accrued rent of £400

l Prepaid business rates of £300

l The motor vehicle is to be depreciated at 20% of cost

Required:

1

The adjustments to the ledger accounts for rent and business rates for the year to 31 August 2008.

2

A trading profit and loss account for the year ending 31 August 2008, together with a balance

sheet as at that date.