ASSIGNMENT-2021 on 31 December 2021 the following balances were extracted from the books of Pope, a sole NS Badebts Rates and Taxes Carriage inwards Carriage outwards Fixtures and fittings - cost General expenses Insurance Motor expenses Motor vehicles -cost Opening stock Promises -cost Provision for depreciation - fixtures and fittings Provision for depreciation-motor vehicles Purchases Retums outwards Sales 3 200 4 650 12 318 28 663 20 000 23 897 4322 27 690 30 000 45 000 250 000 5000 10 000 324 897 12 579 487 600 The following additional information at 31 December 2021 should be taken into account. 1 Stock was valued at $58 346 2 The purchase of a new motor vehicle, N$12000, has been included in the motor expenses account. 3 Depreciation on fixed assets is to be provided for as follows: fixtures and fittings 10% per annum using the straight line method -motor vehicles 25% using the reducing balance method - it is company policy to provide a full year's depreciation on all assets held at the year ond On 31 December 2021 Rates and Taxes, N$500, were accrued and insurance of N$322 was prepaid 5. During the year Pope had withdrawn stock to the value of N$3 290 for his own personal use, which was not recorded in his books 4 13 NSSCO ACCOUNTS-Assignment 1 - 2021 ASSIGNMENT-2021 on 31 December 2021 the following balances were extracted from the books of Pope, a sole NS Badebts Rates and Taxes Carriage inwards Carriage outwards Fixtures and fittings - cost General expenses Insurance Motor expenses Motor vehicles -cost Opening stock Promises -cost Provision for depreciation - fixtures and fittings Provision for depreciation-motor vehicles Purchases Retums outwards Sales 3 200 4 650 12 318 28 663 20 000 23 897 4322 27 690 30 000 45 000 250 000 5000 10 000 324 897 12 579 487 600 The following additional information at 31 December 2021 should be taken into account. 1 Stock was valued at $58 346 2 The purchase of a new motor vehicle, N$12000, has been included in the motor expenses account. 3 Depreciation on fixed assets is to be provided for as follows: fixtures and fittings 10% per annum using the straight line method -motor vehicles 25% using the reducing balance method - it is company policy to provide a full year's depreciation on all assets held at the year ond On 31 December 2021 Rates and Taxes, N$500, were accrued and insurance of N$322 was prepaid 5. During the year Pope had withdrawn stock to the value of N$3 290 for his own personal use, which was not recorded in his books 4 13 NSSCO ACCOUNTS-Assignment 1 - 2021