Question: could you please solve this question . All steep 1. The following balances have been extracted from the books of XYZ Co.Ltd on 31 March

could you please solve this question . All steep 1. The followingcould you please solve this question

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All steep

1. The following balances have been extracted from the books of XYZ Co.Ltd on 31 March 2023. From them draw up (i) a detailed statement of profit or loss for internal use, for the year ending 31 March 2023, also (ii) a statement of profit or loss for publication for the year to that date. Notes: (a) Inventory at 31 March 2022435,000. (b) The hire of plant and machinery is to be apportioned: distribution 12,000, administrative 3,000. (c) Rent and business rates to be apportioned: distribution 1/4, administrative 3/4. (d) Motors are to be depreciated at 25% on cost (e) Auditors' remuneration of 20,000 to be accrued. (f) Corporation tax on profit from ordinary activities for the year is estimated at 32,000 (g) Transfer 50,000 to general reserve

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