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please type Meme Hausiku did not keep proper books of accounts and approached you to assist her to prepare her accounts. The following information was
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Meme Hausiku did not keep proper books of accounts and approached you to assist her to prepare her accounts. The following information was obtained from her notebook, bank statement and oral information which you obtained for the year ended 31 August 2022. During the year, Meme Hausiku used part of her inventory for domestic affairs valued at N\$2 400 and withdrew cash amounting to N$2760 for private use. On 15March, she introduced additional capital ofN $5960 and agreed to the following suggestions made by you: i) To write off as bad debt, a sum of N\$600 owed by a deceased customer. ii) To allow 15% per annum depreciation on furniture and fittings and 20% per annum on delivery van. Depreciation is not to be provided on equipment. You are required to: Prepare the Statement of Affairs as at 1 September 2021 and August 2022 (10 marks)Step by Step Solution
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