Additional Notes:

Irveritory as at $31$ Deomenber, $2023$ was vatued at $$9\mathrm{.}200,000.$

The company recelved cash of $$1\mathrm{.}2m$ thom the issue of $300,000$$$1$ equity

shares at a premium of $$3$ per share. This shase lasue thas not yet beer

reoorded in the acoounts.

Nhowance for irrecoverable ifocelvabies is to be adfusted to $10\%$ of the trade

recelvables beliance.

Seting and distribution erpenses of $$240,000$ have been prepald.

Administration expenses of $$300,000$ have been accrued.

The company acquired an additional plant and equipment of $$1\mathrm{.}2m$ during the

yeak. The company's policy is to charge a fult year's deprociation in the year of

The company has the following depreciation policies for its non$-$aurtent assets:

Depreciation is to be allocated as follows:

Administration Expenses:

Selling and Distribution Expenses:

Ignore taxation.

Required:

From the trial balance and additional notes:

$($a$)$ Prepare a statement of total comprehensive income for BMH $(20$ marks$)$

Ltd for the year ended $31$ December, $2023.$

Required:

Pace $5$ of $9.$

$($b$)$ Prepare a statement of financial position for BMH Lid as at

$(20$ marks$)$

$31$ December, $2023$

You are NOT required to prepare any notes to the accounts

You ARE required to show all workings clearly.