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(a) Explain four duties of an excoutor in fiduciary mints b) Abinja operates a retail shop in Kajiado town. On 7 April 2019 a
(a) Explain four duties of an excoutor in fiduciary mints b) Abinja operates a retail shop in Kajiado town. On 7 April 2019 a fies broke son and consumed the stock. The following details relate to the business from 1 January 2019 to 7 April 2019, Ksh Stock on 1 Jangary 2019- 2,110,000 Cash sales from 1 January 2019 to the date of fire 2651000 Goods consumed by the proprietor at cost 2701XX0 Creditors as at 1 January 2019 890,000 Creditors as at 7 July 2019 Debtors as at 1 January 2019 Debtors as at 7 July 2019 Discounts received Discounts allowed Payment to creditors Cash received from debtors Bad debts written off Stock salvaged Additional information: 1420.000 1890,000 640,000 130,000 168,000 2,600,000 4,330,XX 110000 410,000 (I) All purchases were made on credit (II) Gross profit is at 30% on cost. (II) The sura assured on the stock was Ksh 900,000. (IV) An average clause is included in the insurance policy. Prepare a: (i) Creditors ledger control account (ii) Debtors ledger control account; Memorandum trading account. (iii) 807/302 THIS IS THE LAST PRINTED PAGE. (12 ma
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