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SECTION A: COMPULSORY (36 MARKS) Q1) Following trial balance was extracted from the books of Amy who ran a textile business, at the close of business on 30th Sept 2021 Dr Cr E 3,200 400 73,500 100 1,800 7,000 500 400 10,000 3,000 12,000 900 600 27,400 Electricity Bank Capital Cash Accumulated Depreciation (at 1 Oct 2020): Furniture Vehicle Discounts Drawings Advertising Furniture Carriage Outward Carriage Inward General expenses Interest on investments received Machinery Provision for bad and doubtful debts (at 1 Oct 2020) Purchases Rates Sales Returns Stock (at 1 Oct 2020) Telephone Trade creditors Trade debtors Vehicle Wacnc and salaries 800 5,000 2,300 645,000 6,000 820,000 2000 4,000 47,000 1,300 13,000 42,000 35,000 77.600 131% SECTION A: COMPULSORY (36 MARKS) Q1) Following trial balance was extracted from the books of Amy who ran a textile business, at the close of business on 30th Sept 2021 Dr Cr E 3,200 400 73,500 100 1,800 7,000 500 400 10,000 3,000 12,000 900 600 27,400 Electricity Bank Capital Cash Accumulated Depreciation (at 1 Oct 2020): Furniture Vehicle Discounts Drawings Advertising Furniture Carriage Outward Carriage Inward General expenses Interest on investments received Machinery Provision for bad and doubtful debts (at 1 Oct 2020) Purchases Rates Sales Returns Stock (at 1 Oct 2020) Telephone Trade creditors Trade debtors Vehicle Wacnc and salaries 800 5,000 2,300 645,000 6,000 820,000 2000 4,000 47,000 1,300 13,000 42,000 35,000 77.600 131%

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