The following information was extracted from the books of Bizna Traders for the month ended 29^th February 2016. Required : Prepare a profit and loss account for...

      

The following information was extracted from the books of Bizna Traders for the month ended 29^th February 2016.

Shs.
Rent received ...........................4,000
Discount allowed .........................10,155
Discount received ........................5,144
Gross profit............................. 23,005
Carriage outwards........................ 6,000
Salaries ................................19,637
Depreciation expenses ...................2,000

Required :
Prepare a profit and loss account for the business for the month ended 29^th Feb.2016

  

Answers

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sharon kalunda answered the question on September 5, 2019 at 13:31

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