Joy Toy Ltd is a company producing toys for children in Halifax. Its summary statement of financial position (balance sheet) as at 31 October 2019 showed the following:
|Property, plant and equipment, net book value||11,500|
|Cash at Bank||1,020|
|Share capital of £1 each||6,000|
The following information is relevant for the 12 months to 31 October 2020:
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[TOTAL 25 Marks]
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