Question Acounting Assignment Xyz is a trader who maintains a pure single entry have asked you to prepare a set of final accounts for him- At the end of each financial year which ended on 31/2/2020. From Ris records, you ou were able to establish the amounts of tissets and babilhos 43 pollows: 3112/19 Getd) 31/12/20 (Gied) stock of inventory Fixed Assets 10 COD 3,899 4,137 Cebtors 296/ 3,128 Bank 1324 1301 Creditos 2273 2186 Crechitos fur erences 89 703 ADDITIONAL INFORMATION: 1. No fixed assets were acquired in 2000 and none were soled or discarded they are to be written clown @ an anual rate of 5% of the realculated on the balance at the beginning of eats year " The totul expenses of the business for the year gogo, excluding depreciation amounted Gel 8629 2 3. During the Year 2000, XYZ etreco GH1415 GHd 4,215 his personal use expenses 4. the rate of Gross profil profit claring 2020 was @ a uniform rate of 25% on sales. REQUIRED: q Calculate the net profit for your 5. Prepare the trading profit and low account fear 30112/50 and the statement of pranaal portion as @ that hate the Submission AATE WESNESSDAY 13TH OCTOBER 2020