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QUESTION ONE (20MKS)
The following Trial Balance is extracted from the books of a merchant on 31st December 2023.
\table[[Particulars,Dr (shs),Cr (shs)],[Furniture and fixtures,640,],[Moto vehicles,6,250,],[Buildings,7,500,],[Capital,,12,500],[Bad debts,125,],[Provision for bad debts,,200],[Sundry debtors and creditors,3,800,2,500],[Stock on 1?st January 2023,3,460,],[Purchases and sales,5,475,15,450],[Bank overdraft,,2,850],[Sales and purchase returns,200,125],[Advertising,450,]]
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