Michael Atisse (continued) You have the following additional information. 1. Closing stock of tools 4,500 2. Depreciation

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Michael Atisse (continued)

You have the following additional information.

1. Closing stock of tools £4,500 2. Depreciation is to be written off the fixed assets as follows:

Buildings £3,000 Motor car £2,000 Computer £1,400 Office equipment £1,800 Required: ‘

Prepare M. Atisse’s trading and profit and loss account for the year ended 31 December 2001 and the balance sheet as at 31 December 2001.

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