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Question 2 [CLO 2 The following is the Trial Balance of BBB Company as of 31 December 2017: Particulars Dr AmountCr Amount $5000040 Capital Opening

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Question 2 [CLO 2 The following is the Trial Balance of BBB Company as of 31 December 2017: Particulars Dr AmountCr Amount $5000040 Capital Opening stock Direct expenses Salaries Purchases Rent and rates Sales Interest received Discount received Drawings Advertisement Cash in hand Cash at bank Sundry debtors Buildings Sundry creditors Vehicles $30,000 $40,000 $60,000 $100,000 $5,000; $100,000 $10,000 $7,000 $32,000 $18,000 $50,000 $70,000 $60,000 $80,000 $13,000 $85,000 $630,000 $630,000 The stock on 31 December 2017 is $240,300 You are required to prepare the Trading and Profit and Loss Account for the year ended 31 December 2017 and the Balance Sheet as on that date for BBB Company

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