Section B Question 1 Toplink whose line of business is general merchandising makes up account to 31 March every year. Its final balances as at 31/3/2021 are as shown below; DR CR N'000 N'000 Goodwill 1,000 Land & Building 9,500 Plant & Machinery 6,500 Fixtures & Fittings 5,000 Provisions for Dep Land & Building 600 Plant & Machinery 3,300 Fixtures & Fittings 2,500 Long term investment 10,300 Sales 53,840 Purchases 28.500 Salaries & Wages Distribution 900 Administration 1,890 Creditors due within 1 year: Trade Creditors Other Creditors 4,236 1,800 Bank Overdraft 450 Trade Debtors 5,150 Bank & Cash 3,086 Stock 1/4/97 5,600 Share Capital 9,600 Share Premium 300 P&L 1,271 General Reserve 210 Provision for Staff Pension Interest on Short-term Bank Overdraft 390 30 Uninsured fire loss 176 Income Tax 85 Interim dividend paid 250 Income tax 1/4/97 1,800 Other selling and distribution exp 2.600 Other Administration exp 890 Commission received 300 Auditors remuneration 370 Motor Vehicle 1,800 Provision for Depreciation 900 Creditors due after 1 year 5% unsecured loan stock 2019/2020 Bank Loan Other creditors 1,500 160 440 83.627 83,627