The question doesn't need any additional information. That is the full question, please.

The closing balance is 40, 000, not 70,000.

IA 2023 MCPCDL606 ACCOUNTING FOR MANAGERS All Office Equipment were acquired within the past 2 years 2) Interest on debenture has been partly paid. All debentures were secured 2 years ago 3) Trade Debtors It was agreed that additional 9,000 GHc be written off as bad debts A specific provision of 8,000GHC was to be made 10% general provision was to be made 4) Insurance of 8000 GHC due SUSA Insurance has not been provided for 5) It was realised that electricity owing of 1500GHC has not been accounted for. 6) Sanitation expense includes a prepaid amount of 1800GHC to Bola Ltd which has not been adjusted 7) Closing stock was determined as 70,000 GHC Required 1) Prepare a Trading Profit and loss account for the year ended 31/12/2020 2) Prepare a Statement of Financial Position as at 31/12/2020