Question
The following balances were extracted from the books of Amani enterprises as at 30 June 2022 Kshs 000 Kshs 000 Sales - 15 620 Purchases
The following balances were extracted from the books of Amani enterprises as at 30 June 2022
|
| Kshs 000 | Kshs 000 |
| Sales | - | 15 620 |
| Purchases | 10 400 | - |
| Stock | 4 140 | - |
| Motor vehicle | 16 400 | - |
| Provision for depreciation Debtors Creditors | - 12 300 - | 7 900
15 600 |
| Cash at bank | 3 215 | - |
| Motor vehicle expense | 620 | - |
| Rent and rates | 1 160 | - |
| Insurance | 185 | - |
| Electricity | 120 | - |
| Postage and telephone | 250 | - |
| Drawings | 4 100 | - |
| General expenses | 270 | - |
| Capital | - | 14 040 |
|
| 53 160 | 53 160 |
| Additional information (amounts in Kshs 000) | ksh "000" |
|
| Closing stock | 7 350 |
|
| Depreciation for the year | 1 200 |
|
| Expenses to be accrued Electricity |
45 |
|
| Postage and telephone | 65 |
|
| General expenses | 24 |
|
| Prepaid expenses Rent and rates |
240 |
|
| Insurance | 45 |
|
Required
A Statement of Incomes for the period ended 30 June 2022
A Statement of Financial Position as at 30 June 2022
For 10%
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
