=+In addition, Mr. Letitslide says that he has taken goods for personal consumption and estimates that those goods cost £100.

In considering the debtors, Mr. Letitslide suggests that there is no hope of receiving an amount of £30 from one customer. There are other doubtful debts and a provision is to be made of 5 % of the debtors.

Allowing depreciation on the Delivery Van of 20 % per annum, prepare the accounts as requested and a Balance Sheet as at 31st December, 1960.