11. On 31 December 2015 the following balances were extracted from the books of Papa,
a sole trader
$
Electricity expenses
Business rates
Carriage inwards
Carriage outwards
Fixtures and fittings
General expenses
Cash in hand
Insurance expenses
Debtors
Capital
Motor expenses
Motor vehicles
Stock at 15 January 2015
Creditors
Premises
Cash at bank
Purchases
Returns outwards
Sales
Stock at 31st December 2015
Drawings
$
3 200
4 650
12 318
28 663
25 000
20 897
3 000
4322
28 000
289 460
27 690
40 000
45 000
37 600
200 000
24 000
300 897
12 579
450 000
56 346
22 000