a)Write double entry record the transactions in T-accounts (19 marks)
RecordingBusinessTransactions BA30592E2| Page
b)Balance the accounts and bring down an opening balance (8 marks)
c)Extract a Trial balance as at31st October 2020 (16 marks)
d)Prepare an Income Statement for the period ended 31st October 2020 (13marks)
The closing inventory is £ 250.00e)Prepare a Statement of Financial Position as at 31st October 2020 15marksf)Write a brief letter to Linda explaining what drawings are concerning small business and answering her query concerning her holiday.(5mark)
