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Homework answers / question archive / The following information has been extract from the books of A

The following information has been extract from the books of A

Accounting

The following information has been extract from the books of A. Rock, a Sole Proprietor for the year ended 31/12/1988 Trial Balance of A Rock as at 31st December, 1988. 86,000 Capital 1 Jan. 60,000 Stock ! Jan 120,000 Buildings 10,000 Fixtures and Fitting Motor Vehicle 30,000 15,000 Debtors and Creditors 40,000 Advertising 1.000 1,000 Insurance 02 A Salaries Provision for Bad debt 500 Date Rates 1,000 Discounts 2,000 1,000 Returns 200 200 Purchases 80,000 150,000 Additional information: off as bad debt Provision gfor Bad debts is 5% (0) Electricity bill outstanding N500 (d) Insurance prepaid 200 Stock at 31st December N 70,000 (1) One quarter of Electricity relates to Trading (8) Depreciation on fixtures and Fittings is 5% and Motor vehicle 10% You are required to prepare: ) A Balance Sheet as at that date.. (Source: WAEC GCEO'LEVEL Nov. 1990 Comment Comments Bookmark 6. Cross-reference Links Link Picture Tools Format 45,000 Help View M Sales Electricity Bank General Expenses Bank Loan My Add-ins - Wikipedia Get Add-ins 2,000 8.500 2.000 Review Add-ins 377,700 100.000 377,700 accting - Word Mailings le) References Shapes 6+ Screenshot Layout SmartArt Illustrations il Chart Design Pictures Insert Table Tables Home Page

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