PLEASE EXPLAIN IN DETAIL

w 36.13A The accountant of Fiddles PLC has begun preparing financial statements but the work is not yet complete. At this stage the items included in the trial balance are as follows: 000 Land 100 Buildings 120 Plant and machinery 170 Depreciation provision 120 Share capital 100 Retained protits brought forward 200 Accounts receivable 200 Accounts payable 110 Inventory 190 Operating profit 80 Loan notes (16%) 180 Allowance for doubtful debts 3 Bank balance (asset) 12 Suspense 1 Notes (1) to (vil) below are to be taken into account: (1) The accounts receivable control account figure, which is used in the trial balance, does not agree with the the inte accounts receivable ledger. A contra of 5,000 has been entered correctly in | ledger accounts but has been entered on the wrong side of both control accounts. A batch total of sales of 12,345 had been entered in the double entry system as 13,345, although individual ledger account entries for these sales were correct. The balance of 4,000 on sales returns account has inadvertently been omitted from the trial balance, though correctly entered in the ledger records. in A standing order received from a regular customer for 2,000, and bank charges of 1,000, have been completely omitted from the records. (ii) A debtor for 1,000 is to be written off. The allowance for doubtful debts balance is to be adjusted to t% of accounts receivable. fivy The opening inventory figure had been overstated by 1,000 and the closing inventory figure had been understated by f2,000. (1) Any remaining balance on suspense account should be treated as purchases if a debit balance and as sals if a credit balance. (vi) The loan notes were issued three months before the year end. No entries have been made as regards interest (vii) A dividend of 10% of share capital is to be proposed