A Accounting

A car was purchased by a newsagent business in June 20X3 for: $ Cost                40,000 Road tax     

The following information is available for a sole trader who keeps no accounting records: $ Net business assets at 1

At 1 July 20X6 a company had prepaid insurance of $ 2,050. On 1 January 20X7 the company paid $9,500

The balance on ABC Co’s payables ledger control account is $63,108. The accountant at ABC Co has discovered that she