FA Tutorial 3 Lecture 3

Jul 17, 2026

Upload by Asher

This document provides a structured accounting exercise for a newly started business, detailing month-by-month transactions across January, February, and March. It specifies cash receipts, cash payments, credit purchases, credit sales, repayments to a creditor, drawings for personal use, and inventory valuations at month-end. The required outputs include ledger account balances for each month, a trial balance, a year-to-date profit or loss statement, and a monthly statement of financial position, plus a separate profit or loss statement for the first three months of trading.

LanguageEnglish

CategoryTechnology

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Jul 17, 2026

Upload by Asher