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Income Statement and Balance Sheet: a) Prepare income statement and balance sheet for the Year Ending 31st December 2022 based on a trial balance attached

Income Statement and Balance Sheet: a) Prepare income statement and balance sheet for the Year Ending 31st December 2022 based on a trial balance attached to appendix A. Make sure it meets relevant accounting principles, conventions, and standards. Show appropriate adjustments, such as accruals, prepayments, bad debts, and depreciation to the income statement.

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