Lin has been in business as a retailer and the following balances were extracted from his books on 31 December 1998.
You are required to prepare the Trading, Profit, and Loss Accounts for the half year ended 31 December 1998 and a Balance Sheet as of that date showing as much detail as possible and taking into account the following:
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Wang is a sole trader.
Draw up the Trade, Profit, and Loss Accounts and the Balance Sheet for Wang from the following Trial Balance after making the following adjustments: