Question: URGENT REQUEST. please help asap AL 40 Additional information: a) Amounts owing by Sir Ringo on 31st July, 2019 were Rent GHS 760.00, Travellers commission
URGENT REQUEST. please help asap


AL 40 Additional information: a) Amounts owing by Sir Ringo on 31st July, 2019 were Rent GHS 760.00, Travellers commission and expenses GHS 1,230.00, Electricity GHS 112.00 u b) Inventory at 31st July, 2019 was GHS 112.00 c) Provision: Accountancy charges GHS 462.00, Doubtful debts GHS 580.00 d) Office furniture and equipment is to be depreciated by 10%. You are required to prepare: i) Income Statement for the year ended 31st July, 2019; and ii) A Statement of financial positions as at that date. (20 marks) A chaque dram = a4 4*1 4 4 11.7 8 AL 40 Additional information: a) Amounts owing by Sir Ringo on 31st July, 2019 were Rent GHS 760.00, Travellers commission and expenses GHS 1,230.00, Electricity GHS 112.00 u b) Inventory at 31st July, 2019 was GHS 112.00 c) Provision: Accountancy charges GHS 462.00, Doubtful debts GHS 580.00 d) Office furniture and equipment is to be depreciated by 10%. You are required to prepare: i) Income Statement for the year ended 31st July, 2019; and ii) A Statement of financial positions as at that date. (20 marks) A chaque dram = a4 4*1 4 4 11.7 8
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
