Q2 After preparing a draft statement of profit or loss for the year ended 30 September...

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Q2 After preparing a draft statement of profit or loss for the year ended 30 September 2014 and adding the year's profit (before any adjustments required by notes (i) to (iii) below) to retained earnings, the summarised trial balance of Mawuto as at 30 September 2014 is: GHC'000 GHC'000 40,000 Equity shares of GHC1 each Retained earnings as at 30 September 2014 17,500 Proceeds of 6% loan (note (i)) 30,000 Land (GHC5 million) and buildings - at cost (note (ii)) 55,000 Plant and equipment - at cost (note (ii)) 58,500 Accumulated depreciation at 1 October 2013: buildings 20,000 plant and equipment 34,500 2 Q2 After preparing a draft statement of profit or loss for the year ended 30 September 2014 and adding the year's profit (before any adjustments required by notes (i) to (iii) below) to retained earnings, the summarised trial balance of Mawuto as at 30 September 2014 is: GHC'000 GHC'000 40,000 Equity shares of GHC1 each Retained earnings as at 30 September 2014 17,500 Proceeds of 6% loan (note (i)) 30,000 Land (GHC5 million) and buildings - at cost (note (ii)) 55,000 Plant and equipment - at cost (note (ii)) 58,500 Accumulated depreciation at 1 October 2013: buildings 20,000 plant and equipment 34,500 2