3) The following That Balance was extracted from the banks of A# on 11 12 2019
Debii haline Amount
20,000 Neslocal) 2,21*XX)
MEX
00.000 Export
Purchase (Local
00X
5,000 Capital
Return Inward
16,000 Nundry Creditors 25.500
Manufacturing Wagen
20,000 Discount
3.000
Carriage Inward
3.000 Nundry Receipte 5.000
Cherige Outward
4.000 Proy for
Imports
30,000 Debt
4.000
Imports Duty
10,000 Return Outward 8 ( 4 )
Export Duty
12,000
6,000
Plant & Machinery
50,000
Factory Building
00.000
Office Furniture
20.000
Factory Expenses
12,000
Rent & Rates
6,000
2.000
Debtors
40.000
Cash
4.500
Drawings
10,000
2.000
Trade Expenses
11.000
Total
4,35,500 Total
4,35,000
Prepare Trading and Profit& Loss Account for the year ended 31.12.2019 and Balance
Sheet on that date after considering the following:
0 Closing Stock R$ 25,000
ii) Wages Unpaid Rs.2000
ii) Bill for repair of machines outstanding Rs 2000
1) Provision for bad debt no longer required
v) Interest on bank Rs.200 not recorded
vi) Goods withdrawn by proprietor Rs 1000 not recorded in books,
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