7 marksIncome Statements and Balance Sheets for Sole Traders

CSEC Principles of Accounts · May/June 2010 · Paper 2 · Question 6(b)

Prepare a Trading Account for the month ending October 31, 2009.

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6(a)Using the stock form provided, determine the value of the tyres remaining in stock at October 31, 2009 using the LIFO method of stock valuation.[13 marks]

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