Question: QUESTION 4 A & B Ltd's head office is in Accra, and it has a branch at Tema. The following trial balances have been extracted

 QUESTION 4 A \& B Ltd's head office is in Accra,

QUESTION 4 A \& B Ltd's head office is in Accra, and it has a branch at Tema. The following trial balances have been extracted from the respective books of account of both the head office and the branch as at 30th June 2008 . Additional information: Stock at 30 June 2008 was valued as follows: us 20%. sunt but as at that date, no record had been made in the head office's books of account Required: Prepare in adjacent columns the following: a) The head office, the branch, and the income statement for the year to 30 June 2008; and b) The head office, the branch, and the combined statement of financial position as at that date

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