(a) The following trial balance was extracted from the books of M. Jackson on 30 April 2017....
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(a) The following trial balance was extracted from the books of M. Jackson on 30 April 2017. From it, and the note below it, prepare his statement of profit or loss for the year ending 30 April 2017, and a statement of financial position as at that date.
(b) Michael has indicated that he thinks that the accounts receivable amounts that have been written off will be paid eventually. He is also querying why adjustments are made in the financial statements for bad debts and depreciation. Write a short note to him, making appropriate references to accounting concepts, outlining why these adjustments are made.
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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