ACCOUNTING 1B

Question 5 The following information was taken from the books of Newcastle Enterprises. Balances in the general ledger of Newcastle Enterprises for the financial year ended 29 February 2020. Account Capital: M. Manchester(l March 2019) Capital: L. Liverpool (1 March 2019) Current: M. Manchester (1 March 2019) Current: L. Liverpool (1 March 2019) Drawings: M. Manchester Drawings: L. Liverpool Replacement Reserve Profit and Loss Property, plant and equipment Fol. Debit(R) 18 ooo 5 ooo 4 ooo 670 ooo Credit(R) so ooo 70 ooo 8 ooo 65 ooo 420 ooo