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how everybody welcome to a question practice this time it's a QA unit 3 June 2011 okay let's read the first paragraph it says lens does not keep full books of account whenever it says does not keep a full books of the count that means it's an incomplete record he has however been able to provide the following information okay well straight down go to our requirement and recurrent is prepare an income statement trading a profit loss account for the year ended 30 debut 2011 a balance sheet not required Wow just before we go ahead you need to bear in mind for an income statement we need sales we need purchase we might need some expenses for income and there could be debris there could be profit loss on disposal quite a few items just now let's read those items what's been given you've been given with bank statement bank account for the year 2011 and it's just a t-account you can draw it like this it's the credit balance overdrawn balance and still stand over drug balance this balance CD w

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