QUESTION 1 Trial balance of GATOP LTD as at the year ending 31/12/2020 is as follows 1 IA 2023 MCPCDL606 ACCOUNTING FOR MANAGERS Additional Information 1) Depreciation is to be provided based on the undermentioned policy Motor vehicle 25% on Cost proportionate Office Equipment 10% on Cost proportionate The balance on the Motor Vehicle account is made up of 3 motor vehicles All Office Equipment were acquired within the past 2 years 2) Interest on debenture has been partly paid. All debentures were secured 2 years ago 3) Trade Debtors It was agreed that additional 9,000GHC be written off as bad debts A specific provision of 8,000GHC was to be made 10% general provision was to be made 4) Insurance of 8000GHC due SUSA Insurance has not been provided for 5) It was realised that electricity owing of 1500GHC has not been accounted for. 6) Sanitation expense includes a prepaid amount of 1800GHC to Bola Ltd which has not been adjusted 7) Closing stock was determined as 70,000GHC Required 1) Prepare a Trading Profit and loss account for the year ended 31/12/2020 2) Prepare a Statement of Financial Position as at 31/12/2020