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Additional Information 1) Stock at the end of the years was as follows. 2) It is company policy not to depreciate land and buildings and
Additional Information 1) Stock at the end of the years was as follows. 2) It is company policy not to depreciate land and buildings and to depreciate plant and machinery at 10\% reducing balance and Motor vehicles at 20% straight-line method. Motor vehicles are used strictly for distribution. 3) The bank loan was obtained on the 1st of June 2022 and Interest accrued of 10% has not yet been accounted for in the records. 4) Shared costs are to be apportioned as follows. 5) Allowance for receivables is to be adjusted to 2% of trade receivables. Required Prepare a Manufacturing, Income Statement and Statement of Financial Position for J \& J Bakery for the year 2022 . The following is a Trial Balance for I \& I Rakerv ac at the Additional Information 1) Stock at the end of the years was as follows. 2) It is company policy not to depreciate land and buildings and to depreciate plant and machinery at 10\% reducing balance and Motor vehicles at 20% straight-line method. Motor vehicles are used strictly for distribution. 3) The bank loan was obtained on the 1st of June 2022 and Interest accrued of 10% has not yet been accounted for in the records. 4) Shared costs are to be apportioned as follows. 5) Allowance for receivables is to be adjusted to 2% of trade receivables. Required Prepare a Manufacturing, Income Statement and Statement of Financial Position for J \& J Bakery for the year 2022 . The following is a Trial Balance for I \& I Rakerv ac at the
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