The following trial balance was extracted from the books of Carson Traders on 31 December, 2005 after preparing the trading account.

The following trial balance was extracted from the books of Carson Traders on 31 December 2005 after preparing the trading account.

The following trial balance was extracted from the books of Carson Traders on 31 December, 2005 after preparing the trading account.

The following additional information is provided.

(a) Wages due shs. 5,400
(b) Rates paid in advance shs 650
(c) Motor vehicles to be depreciated 20% on cost.
    You are required to prepare
    (i)    Profit and loss account for the year ended 31 Dec. 2005 (6mks)                       

    (ii)    Balance sheets as at 31st Dec. 2005     ( 4mks)

solution

The following trial balance was extracted from the books of Carson Traders on 31 December 2005 after preparing the trading account.

The following trial balance was extracted from the books of Carson Traders on 31 December 2005 after preparing the trading account.

width= Virus-free.www.avast.com

Print Friendly, PDF & Email
Post Views: 39

Related posts:

  1. KCSE ENGLISH GRAMMAR AND LITERATURE NOTES
  2. GRADE 7 TERM 1 CRE NOTES
  3. THE BIBLE
  4. CREATION AND THE FALL OF HUMAN KIND
  5. AFRICAN MORAL AND CULTURAL VALUES
  6. POLITICAL DEVELOPMENTS AND THE STRUGGLE FOR INDEPENDENCE IN KENYA (1919 – 1963) NOTES
  7. The following transactions relates to Konate Traders for the month of December 2010.
  8. TRADE NOTES
  9. CO-OPERATION IN AFRICA NOTES
  10. CO-OPERATION IN AFRICA NOTES
  11. INTRODUCTION TO HISTORY AND GOVERNMENT NOTES
  12. CHRISTIANS APPROACHES TO ISSUES RELATED TO EMPLOYMENT
  13. The following account balances were extracted from the migingo traders on 30th April 2002
  14. Three column cash book
  15. On 31st December 2013 Kiu Traders had made a turnover of Sh.80,000 for the fear and had a closing stock of SH.10,000. If the business was working at a margin of 20%, draw its trading account for the period ending 31st, December 2013
  16. Causes of Disunity in the Early Church
  17. KCPE PAST PAPERS 2006 SCIENCE
  18. THE SINAI COVENANT AND MOSES
  19. DEVELOPMENT OF INDUSTRY NOTES
  20. KCPE PAST PAPERS 2007 SCIENCE QUESTIONS AND ANSWERS
  21. KCPE PAST PAPERS 2008 SCIENCE QUESTION PAPER AND ANSWERS
  22. DEVELOPMENT OF AGRICULTURE NOTES
  23. CONTACT BETWEEN EAST AFRICA AND THE OUTSIDE WORLD UP TO 19TH CENTURY NOTES
  24. The following Trial balance was extracted from the books of Kabaka traders as at 30/6/2018.
  25. SENIOR PROGRAMME MANAGEMENT OFFICER, P5
Leave a Reply 0