The transaction below shows Mr Mukindias financial position in his farm business for the year
2004. Ksh
Purchase of pesticides 3,000
Milk sales – 8,000
Sale of goats 5,000
Closing valuation 16,000
Interest payable 1,750
Veterinary bills 1,400
Opening valuation 12,000
Wages 10,000
Depreciation of machinery 3,000
Sale of one heifer 1,000
Prepare a profit and loss account for Mr Mukindia’a farm.(5mks)
 |
Virus-free.www.avast.com |
