P stands for the currency which is BWP or P

Using the new trial balance and additional notes given below Notes: 1 Closing inventory on 31 January 2015 was P2,000 2 Assets are to be depreciated at 25% at cost on a reducing balance method 3. Interest payable P100 was owing 4 Electricity P100 was paid in advance 5. Provision should be made for bad debts at 10% of debtors (11 marks) Draw up the income statement (8 marks) il Statement of Financial Position maluse and interpret the results of the financir (1 marks) TRIAL BALANCE FOR THE PERIOD ENDING 31.1.2015(CORRECTED) Credit (BWP) Debit (BWP) 5900 9500 500 3000 2500 4000 20000 19000 300 Details Cash Bank Accounts receivable-Lesego Accounts receivable-M Mothusi Accounts receivable L. Mokone Accounts receivable-M. Moilwa Masego Leero, Capital Purchase Stationary Car Furniture Accounts payable Interest payable Sales Sales return Transport expense Telephone expense Electricity Rent expense Interest expense TOTAL 10000 3000 7500 300 34000 500 300 500 500 2000 300 61800 61800