57,000 QUESTION D 2 You have extracted the following Trial Balance from the books of BIAKOYE Enterprise as at 31* Decemb

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57 000 Question D 2 You Have Extracted The Following Trial Balance From The Books Of Biakoye Enterprise As At 31 Decemb 1 (41.95 KiB) Viewed 52 times

57,000 QUESTION D 2 You have extracted the following Trial Balance from the books of BIAKOYE Enterprise as at 31* December, 2018. GH GH Capital 1,000,000 Creditors/ Trade Payables 429,000 Debtors/Trade Receivables 661,000 Discounts Allowed Discounts Received 99,000 Drawings 100,000 General Expenses 150,000 Insurance 375,000 Motor Vehicle (Cost) 300,000 Accumulated depreciation of motor vehicles 60,000 Purchases 5,605,000 Rent 210,000 Returns Inwards Account 56,000 Returns Outwards Account 29,000 Salaries 348,000 Sales 7,980,000 Allowance for trade receivables 13,000 Shop Furniture, Fixtures and Fittings (cost) 750,000 Inventory 1/1/2018 125,000 Cash at Bank 815,000 Cash at Hand 58.000 9.610,000 9.610.000 Additional information: (i.) Insurance paid in advance was GH425,000 ii. Salaries in arrears as at 31" December, 2018 was GH¢12,000 (ii.) Motor Vehicle and shop Furniture, Fixtures, etc. are to be depreciated at 20% and 15% per annum respectively on cost.