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QUESTION FOUR [10 MARKS] The following trial balance was extracted from the books of Literary...

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QUESTION FOUR [10 MARKS] The following trial balance was extracted from the books of Literary and Philosophical Society as at 30 September 2000 : Additional information: 1. The bar stock was valued at Sh. 642,800 as at 30 September 2000. 2. It is expected that, of the debtors for subscriptions, Sh, 43,600 will not be collectable. 3. The interest account is net. The loan is at a concessional rate of \4 while \10 has been earned on the deposit account. No changes have taken place all year in the principal sums involved. 4. An invoice for Sh. 43,000 of wine had been omitted from the records at the close of the year although the wine had been included in the bar stock valuation. 5. Depreciation for the year is to be provided as follows: Furniture and fittings Sh. 194,000 Projectors, cameras, etc. Sh. 19,000. Required: (a) Bar and restaurant trading account for the year ended 30 September 2000 (6 marks) (b) An income and expenditure account for the year ended 30 September 2000 \\( (8 \\) marks) (c) A balance sheet as at 30 September 2000 (6 marks) (Total: 10 marks)

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