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QUESTION TWO. The following trail balance was extracted from the books of ADOM ENTERPRISE on 11120017 The following additional notes have been given: 1. Stock
QUESTION TWO. The following trail balance was extracted from the books of ADOM ENTERPRISE on 11120017 The following additional notes have been given: 1. Stock at 31/2/17 was GHS9,996, 000 2. Rent prepaid is GHS157, 000 3. Sundry expenses accrued amounted to GHS52, 000 4. Depreciation is provided at rate of 20% on cost. You are required to prepare: a. Trading, Profit and Loss account for the year ended 31/12/2017 b. Statement of financial position or Balance Sheet as at 31/12/2017 (20 Marks)
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