=+Mr. Stupher pays his manager a commission of 5% of the trading profits after charging such commission. Depreciation is to be provided on assets as follows:

Plant and Machinery 10 %

Fixtures and Fittings 5 %

Motor Vehicles 20%

Included in the debtors is a debt for £175 which Mr. Stupher considers doubtful. Durmg the year Mr. Stupher had personally purchased a new motor vehicle for use in the business for £1,200 and had received an allowance on this purchase for the old vehicle of £500.