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Question Four The following information was obtained from the book of Family Support Club for the year ended 30th September, 1995 : 2 Additional information:

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Question Four The following information was obtained from the book of Family Support Club for the year ended 30th September, 1995 : 2 Additional information: a. The net book value of fixed assets as at 30th September, 1994 was as follows: Leasehold premises N72,000 Equipment N24,000 b. Provide for depreciation on fixed assets as follows: Leasehold N3,000 Equipment N1,800 c. Bank deposit balance as at 30m September, 1994 was N24,360 interest of N900 has been credited to the account during the year and was not included in the above receipts. d. A donor of N7,500 had specifically requested that his donation should be used only for the purchase of double bunk beds for the Day Care Centre. This purchase is yet to be made. e. Other assets and liahilities were as follows. You are required to prepare: i. Statement of affairs as at 30th September, 1994 ii. Deposit account as at 30Hb September, 1995 iii. Income and expenditure account for the year ended 30th September, 1995

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