Class Exercise – Crafting of Financial statements Develop the Statements of P&L and Financial position from the Trial balance of Ruto Gondwe as at 30th September, 2021 Dr (K) 2,368 200 310 205 Cr (K)...

Extracted text: Class Exercise – Crafting of Financial statements Develop the Statements of P&L and Financial position from the Trial balance of Ruto Gondwe as at 30th September, 2021 Dr (K) 2,368 200 310 205 Cr (K) Stock 1 October, 2020 Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases 322 11,874 Sales 18,600 Salaries and wages 3,862 304 78 664 Rent Insurance Motor vehicle expenses Office expenses Lighting and heating expenses General expenses 216 166 314 Premises Motor Vehicles Fixtures and fittings 5,000 1,800 350 3,896 Debtors Creditors 1,731 Cash and bank 482 Drawings Capital 1,200 12.636 33,289 33,289 Stock as at September 30, 2021 - K1,620