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  3. the trial balance of a smith, builder, at 31 octob

The trial balance of A Smith, builder, at 31 October 2011, was as follows: NS...

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Accounting

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The trial balance of A Smith, builder, at 31 October 2011, was as follows: NS NS 957200 125000 500000 1811700 11800 737800 865600 509600 7800 3100 13000 Capital Drawings Plant and machinery Purchases Purchases retums Wages Sundry debtors Sundry creditors Discount allowed Discount received Carriage inwards Sales Sales retums Office salaries Cash at bank Cash in hand Stock at beginning of your Rent and rates Factory expenses Carriage outwards Bad debts written off Provision for bad debts Sundry expenses 3503100 29700 202000 102800 32000 302300 85000 130000 6000 20100 40000 54000 5024800 5024800 The following information is available a) Wages for staff for the month of October amounting to N$ 52000 has not been paid b) Rates prepaid of N$ 20000 are included in the above balances .) An Increase in the provision for bad debts by N$10000 has not been made Depreciation on plant and machinery at 10% is yet to be provided e) Value of stock at 31 October is N$ 500000. Required Prepare a Trading and profitand loss accounts for the year ending 31 October 2011(Statement of Comprehensives Income and a Balance sheet as at that dates (Statement of Financial Position)

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