Required :

a- outline the statement of comperhensive income for the year ended 30 november 2021

b- outline the statment of financial position as at 30 November

The Trial Balance of Alim Enterprise at 30 November 2021 was as follows:

Alim Enterprise

Trial Balance as at 30 November 2021.

Additional information:

1. Inventory at 30 November 2021 was valued at $12,830.

2. Depreciation is to be charged:

Equipment: 25% - Reducing balance method

Motor vehicles: 10% - Straight-line method

3. Accrued operating expenses at 30 November 2021 were $415.

4. Rent includes a payment of $750 for the months of December 2021.

5. The provision for doubtful debts is to be set at 4% of trade receivables.

requierd:

(a) Outline the Statement of Comprehensive Income for the year ended 30 November 2021.

(b) Outline the Statement of Financial Position as at 30 November 2021.

Alim Enterprise ITrial Balance as at 30 November 2021 Revenue Inventory at 1 December 2020 Purchases Returns Rent and rates Operating expenses Wages Equipment at cost Provision for depreciation - Office equipment Motor vehicles Provision for depreciation - Motor vehicles Trade receivables Provision for doubtful debts Bank Trade payables Capital Debit \$ 12,945 143,750 300 12,460 12,920 24,380 30,000 15,000 9,800 162 Credit $ 203,900 200 17,500 3,500 295 11,585 26.537 Drawings \begin{tabular}{c} 1,600 \\ 200 \\ \hline 263,517 \end{tabular} Alim Enterprise ITrial Balance as at 30 November 2021 Revenue Inventory at 1 December 2020 Purchases Returns Rent and rates Operating expenses Wages Equipment at cost Provision for depreciation - Office equipment Motor vehicles Provision for depreciation - Motor vehicles Trade receivables Provision for doubtful debts Bank Trade payables Capital Debit \$ 12,945 143,750 300 12,460 12,920 24,380 30,000 15,000 9,800 162 Credit $ 203,900 200 17,500 3,500 295 11,585 26.537 Revenue Inventory at 1 December 2020 Purchases Retums Rent and rates Operating expenses Wages Equipment at cost Provision for depreciation - Office equipment Motor vehicles Provision for depreciation-Motor vehicles Trade receivables Provision for doubtiul debts Bank Trade payables Capital Drawings Carriage inwards 203,900 12,945 143,750 300 200 12,460 12,920 24,380 30,000 17,500 15,000 3,500 9,800 295 162 11,585 26,537 1,600 200 263,517