Question $2$

Question $2$

$\frac{291}{B}B293$

Below is the trail balance of Star Ltd as at ${31}^{st}$ December $2022.$

Trial Balance

$\backslash$table$[[$Account Name,Debit $$,$Credit $$],[$Sales$,,640,000],[$Sales Return,$17,000,],[$Opening inventory,$96,000,],[$Purchases$,252,000,],[$Purchases return,,$32,000],[$Non$-$Current assets at cost:$,,],[$Freehold property,$150,000,],[$Equipment$,48,000,],[$Motor Vehicles,$28,000,],[$Accumulated depreciation on:$,,],[$Equipment$,,12,000],[$Motor vehicles,$14,000,],[$Salaries and wages,$6,000,],[$Insurance$,9,000,],[$Advertising expenses,$3,000,],[$Motor expenses,$8,000,],[$Loan interest,$72,000,],[$Receivables$,,4,000],[$Allowances for receivables,,$56,000],[$Payables$,311,000,100,000],[$Cash at bank,,$160,000],[$Bank loan,,$1,014,000$