1. 2 3 3 5. 4. 5. 6 6 7 1. 9 10 LAN from A...

  

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1. 2 3 3 5. 4. 5. 6 6 7 1. 9 10 LAN from A Devi Freehold Land and Building Turnitur Mar Vehicle Sales Rent received Drawings Meter Vehicle Expenses Stock, 1 January, 1968 Bad Debts General Expenses Rent and Rates Provision for Doubtful debts 1 January, 1988 Accumulated depreciation 1 Jan. 1988 Motor vehicle Accumulated depreciation 1 Jan. 1988 Furniture & Fittings Debiters Creditors Wages and Salaries Packing Materials Discounts Allowed Loan interest Returns Inwards Returns Outwards Advertising Licenses and Taxes Balance at Bank Cash in Hand Carriage Inwards The following matters are to be taken into account: Stock at 31 December, 1988 Wages and salaries owing at 31 December, 1988 Advertising prepaid Rates paid in advance at 31 December, 1988 Rent received owing 12,000 4.290 Provision for doubtful debts to be decreased by Provide for depreciation on the motor vehicle 15.950 46,982 4,230 396 4,988 422 827 1,162 7,921 7,983 1,000 1.939 750 225 675 700 2,467 400 2,500 117,807 ****** Provide for depreciation on the furniture & Fittings Goods taken by the owner for personal use The owner paid a creditor from his private bank account Half year's interest owing Unused stock of packing materials 29,739 $5,000 66,649 160 426 3,500 1,000 9,833 300 117,807 ****** $ 5,249 208 175 56 120 105 1,250 950 600 1,200 750 250 Prepare(a) A trading and profit and loss account for the year ended 31 December 1988. (b) A balance sheet for Donald Primer as at 31 December, 1988. 1. 2 3 3 5. 4. 5. 6 6 7 1. 9 10 LAN from A Devi Freehold Land and Building Turnitur Mar Vehicle Sales Rent received Drawings Meter Vehicle Expenses Stock, 1 January, 1968 Bad Debts General Expenses Rent and Rates Provision for Doubtful debts 1 January, 1988 Accumulated depreciation 1 Jan. 1988 Motor vehicle Accumulated depreciation 1 Jan. 1988 Furniture & Fittings Debiters Creditors Wages and Salaries Packing Materials Discounts Allowed Loan interest Returns Inwards Returns Outwards Advertising Licenses and Taxes Balance at Bank Cash in Hand Carriage Inwards The following matters are to be taken into account: Stock at 31 December, 1988 Wages and salaries owing at 31 December, 1988 Advertising prepaid Rates paid in advance at 31 December, 1988 Rent received owing 12,000 4.290 Provision for doubtful debts to be decreased by Provide for depreciation on the motor vehicle 15.950 46,982 4,230 396 4,988 422 827 1,162 7,921 7,983 1,000 1.939 750 225 675 700 2,467 400 2,500 117,807 ****** Provide for depreciation on the furniture & Fittings Goods taken by the owner for personal use The owner paid a creditor from his private bank account Half year's interest owing Unused stock of packing materials 29,739 $5,000 66,649 160 426 3,500 1,000 9,833 300 117,807 ****** $ 5,249 208 175 56 120 105 1,250 950 600 1,200 750 250 Prepare(a) A trading and profit and loss account for the year ended 31 December 1988. (b) A balance sheet for Donald Primer as at 31 December, 1988.

Answer rating: 100% (QA)

a Trading and Profit and Loss Account for the year ended 31 December 1988 Particulars Amount Sales 6... View the full answer