QUESTION $1$

The following trial balance relates to Mapema Limited, a quoted company, as at $30$ April $20$X$3$:

Additional information:

The property, plant and equipment is made up of the following:

Land and buildings were to be revalued upwards by $Sh\mathrm{.}50$ million and $Sh\mathrm{.}100$ million

respectively as at $30$ April $20$X$3.$ A transfer of $Sh\mathrm{.}50$ million from revaluation reserve

to retained profits in relation to excess depreciation is to be made.

Intangible assets are being amortized over five years and are classified as an

administration expense.