Additional information 1.stock at close was #25,000. 2.rates paid in advance at 31 December 1991...

Additional information
1.stock at close was #25,000.
2.rates paid in advance at 31 December 1991 were #200.
3.bad debts to be written off #600
4.depreciation on Furniture and Equipment to be 5% per annum on cost.
5.Interest on capital is 10% per annum
6.Interest on drawings: alaba #250
Sola#300

You are required to prepare.
A.trading profit and loss Account for the year ended 31st December 1991
B.profit and loss appropriation Account.
C.partners current Account.
D.balance sheet as at 31st December 1991.?

In Accounting
5 Answers Available
Asked by Olarewaju on 14th October, 2022