QUESTION THREE The following is the trial balance of KSmooth as at 31 March 2002. Draw up a set of final accounts for

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QUESTION THREE The following is the trial balance of KSmooth as at 31 March 2002. Draw up a set of final accounts for the year ended 31 March 2002.show your working Dr Cr £ £ Stock 1 April 2001 1,816,000 Sales 9,234,000 Purchases 6,918,500 Carriage inwards 42,000 Carriage outwards 157,000 Returns outwards 64,000 Wages and salaries 1,024,000 Rent and rates 301,500 Communication expenses 62,400 Commissions payable 21,600 Insurance 40,500 Sundry expenses 31,800 Buildings 2,000,000 Debtors 1,432,000 Creditors 816,000 Fixtures 285,000 Cash at bank 297,000 Cash in hand 11,500 Drawings 762,000 Capital 152,028 5,088,800 152,028

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Trial Balance:- Dr Cr £ £ Stock 1 April 2001 1,816,000 Sales 9,234,000 Purchases 6,918,500 Carriage inwards 42,000 Carriage outwards 157,000 Returns outwards 64,000 Wages and salaries 1,024,000 Rent and rates 301,500 Communication expenses 62,400 Commissions payable 21,600 Insurance 40,500 Sundry expenses 31,800 Buildings 2,000,000 Debtors 1,432,000 Creditors 816,000 Fixtures 285,000 Cash at bank 297,000 Cash in hand 11,500 Drawings 762,000 Capital 5,088,800 Total 15,202,800 15,202,800

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QUESTION THREE The following is the trial balance of KSmooth as at 31 March 2002

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	Dr	Cr

	£	£
Stock 1 April 2001	1,816,000
Sales		9,234,000
Purchases	6,918,500
Carriage inwards	42,000
Carriage outwards	157,000
Returns outwards		64,000
Wages and salaries	1,024,000
Rent and rates	301,500
Communication expenses	62,400
Commissions payable	21,600
Insurance	40,500
Sundry expenses	31,800
Buildings	2,000,000
Debtors	1,432,000
Creditors		816,000
Fixtures	285,000
Cash at bank	297,000
Cash in hand	11,500
Drawings	762,000
Capital	152,028	5,088,800
		152,028