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The following trial balance was extracted from the books of Tawanda Ltd for the year ended 3 1 st December 2 0 2 0 .
The following trial balance was extracted from the books of Tawanda Ltd for the year ended st December
Dr Cr
P P
Inventories at st January :
Inventory of raw materials
Inventory of finished goods
Inventory of work in progress
Direct wages
Factory indirect wages
Carriage inwards on raw materials
Royalties
Purchases of raw materials
General factory expenses
Light and heat
Factory power
Administration expenses
Sales
Rent
Selling expenses
Carriage outwards
Bank charges and fees
Manufacturing Equipment at cost
Manufacturing Equipment:
accumulated depreciation at
Office Equipment at cost
Office Equipment:
accumulated depreciation at
Trade receivables
Bank
Trade payables
Discount allowed
Discount received
Drawings
Capital at
ADDITIONAL INFORMATION
i Inventories at st December :
Inventory of raw materials
Inventory of finished goods
Inventory of work inprogress
ii Light and heat and rent are to be apportioned: Factory Administration
iii Depreciation of Manufacturing Equipment is to be charged at on cost Depreciation of Office Equipment is to be charged at on cost
Required
Prepare the Manufacturing Account and Statement of profit or Loss Account for the year ended st December
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