The following are summaries of the cash book and bank accounts of J. Duncan who does not

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The following are summaries of the cash book and bank accounts of J. Duncan who does not keep his books using the double entry system.

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You are required to:

(a) Calculate the value of J. Duncan's capital on 1 January 2018.

(b) Prepare the Income Statement for the year ending 31 December 2018.

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