Question: Adjustments You have been given the following additional information : Plant and Machinery is depreciated using the reducing balance method at a rate of 10

Adjustments You have been given the following additional information : Plant

Adjustments

You have been given the following additional information :

Plant and Machinery is depreciated using the reducing balance method at a rate of 10 % per annum.

There is an accrual at 31st December 2022 in respect of light and gas amounting to 580 and rent prepaid of 600.

Stock at 31st December 2021 is 7,220.

Requirement :

You are required to prepare Income Statement(Profit And Loss Account) and Balance Sheet for the year ended 31st December 2021.

T King (Sole Trader) Trial Balance For the Year Ended 31 December 2021

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