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Question Two aul is a se trader and hi trial balance at 31 Augut 2018 wax as Sollows Account Balances Frachold Peoperty at cost Proviion
Question Two aul is a se trader and hi trial balance at 31" Augut 2018 wax as Sollows Account Balances Frachold Peoperty at cost Proviion for depecciation of Frechold Property Plant and Machincry at cost Proviion for Deprecistion of plant and Machincry Moloe Vchicles at cnt Proviaion Sor Depreciation of Motor Vchicle 45,000 41,000 34,600 Provision Sor Trade payabies 5,720 1374 T00,( 6,670 3,112 Rent payabk 10,000 4,720 6,195 Heting and I Discount allowed Carriage Odwards nvenoey(I Sepiember 2017) 4,240 L819 40,000 200,000 Farther information . Inveniory at I"September 2017 Ks8, 000. 2. Depreciation is to be cakulated :" followe fechold property at 4% per anum, taight line; plant and machinery at l 9% per amuni motor vehicles at 30% per anum on the naizg balance. 3. cluded in trade tecenalla are bud debts of tade receivables of KL, 800; eprosin for doubtful 4. K400 owed for heing and lighting and K220 foe aioncry. The sock of oncry al31 Ortober . Rent paid in advance was K2000; enrablk owed in the wum of K20. of tradde receivables 6. Sau had taken goods for his penoral ase. The goods had ct K2400. No enrics for this had been Prepare Saul" Statement of Poolt and Los account for the yer ended 3 Angust 2018 bi Prepare the Statement of Financial Peoition a31 Augus 2018 (25 marks)
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