Question
The following trial balance was extracted from the books of Hampton Limited (Hampton), a company with a number of retail shops, as at 31 December
The following trial balance was extracted from the books of Hampton Limited (Hampton), a company with a number of retail shops, as at 31 December 2021: Debit Credit Rs Rs Motor Vehicles 68,000 Investments - 6% 100,000 Trade receivables 324,700 Intangible Assets 200,000 Trade Payables 246,807 Fixtures & fittings 214,900 Share Premium 20,000 Distribution Costs 265,874 Share Capital - 100,000 at Rs1.30 each 130,000 Current Tax Payable 1,200 Revenue 1,687,542 Accumulated depreciation Premises 387,500 Revaluation surplus 10,520 Investment Income 4,800 Bank 2,413 Accumulated Amortisation of Intangible Assets 40,000 Retained earnings 482,222 Allowance for bad debts 12,45
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