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Q4) Following is the Trial Balance of Ali Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. End period

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Q4) Following is the Trial Balance of Ali Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. End period adjustments are as follow: - The merchandise inventory as on 31-12-2021 was valued at SR 1,500. - Trade expense paid in advance SR 200. - Depreciation on machinery SR 3000 and Building SR 928. - Outstanding wages SR 120. - Unearned interest SR 27. - Salaries paid in advance SR 120. Q4) Following is the Trial Balance of Ali Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. End period adjustments are as follow: - The merchandise inventory as on 31-12-2021 was valued at SR 1,500. - Trade expense paid in advance SR 200. - Depreciation on machinery SR 3000 and Building SR 928. - Outstanding wages SR 120. - Unearned interest SR 27. - Salaries paid in advance SR 120

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