Old MathJax webview

please explain and show all working and be very thorough thoroughout. thanks

same question they maybe connected or something

Question Two The following data has been extracted from the books of D Scaife Ltd. At 31 December 2001: Dr Cr Stocks at 1 January 2001: Raw materials 12,500 Work in progress 7,650 Finished goods 18,900 Purchases of raw materials 89,000 Sales 215,000 Direct labour 32,000 Rent and rates 18,000 Electricity 8.000 Office salaries 43,000 Depreciation for the year: Factory 7,000 Office 3,000 Additional information 1. Stocks at 31.12.01: Raw materials 11,250 Work in progress 8,420 Finished goods 21,530 2. Rent, rates and electricity are to be apportioned: Factory 75%, Office 25% 3. Finished goods are to be transferred to the trading account at a profit of 20% on factory cost. Prepare a manufacturing trading , Profit and Loss Account as at 31.1.02 (10 Marks) Question One (a) The following trial balance have been taken out from the books of Jude Ltd as on 31st December, 2016. Cr. kshs Plant and Machinery Opening stock Purchases Building Carriage inward Carriage outward Wages Sundry debtors Salaries Furniture Trade expense Discount on sales Advertisement Bad debts Drawings Dr. kshs 100,000 60,000 160,000 170,000 3,400 5,000 32,000 100,000 24,000 36,000 12,000 1,900 5,000 1,800 10,000 50,000 4,400 20,000 Bills receivable Insurance Bank balances Sales Interest received Sundry creditors Bank loan Discount on purchases Capital 480,000 2,000 40,000 100,000 2,000 171,500 795,500 795,500 Closing stock is valued at Kshs 90,000 Required: Prepare the trading and profit and loss account of the business for the year ended 31.12.2016 and a balance sheet as at that date. (10marks)