Question

uestion One
K Kimeu and M. Maingi are in partnership as manufactures of Tick Toys, Kimeu being
responsible for the factory and Maingi for the sales. All completed toys are transferred
from the factory to sales department at agreed price. Profits are shared on the following
Factory
Kimeu
Maingi
Sales Department
400
60%
The following trial balance has been extracted from the books at 31 March 2009:
843.750
151.250
401.250
86.250
Freehold factory at cost
1.053.750
Factory plant, at cost
Provision for depreciation 1 April 2008
Delivery van, at cost
Provision for depreciation 1 April 2008
Stocks at 1 April 2008
Raw materials
Work-in-progress
Toys completed (30.000 at Sh.40) 1,200,000
Sales (45,500 toys)
Purchases of raw matenials
100,700
85.000
2,775.500
1650​

Answer 1

Step-by-step explanation:

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