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All Office Equipment were acquired within the past 2 years Interest on debenture has been partly paid. Debenture was secured 3 yrs ago It was
All Office Equipment were acquired within the past 2 years Interest on debenture has been partly paid. Debenture was secured 3 yrs ago It was agreed that additional 9,000 GHC be written off as bad debts A specific provision of 8,000 GHC was to be made 10% general provision was to be made It was realised that electricity owing of 1500GHC has not been accounted for. Closing stock was determined as 62,000 GHC equired 1) Prepare a Trading Profit and loss account for the year ended 31/12/2020 2) Prepare a Statement of Financial Position as at 31/12/2020
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