(a) Assignment Won
Wa Die Limited
provides the following information as at 31st December, 2018.
N
|
|
Purchases
|
2,763,000.00
|
Revenue
|
10,863,000.00
|
Drawing
|
1,057,500.00
|
Return Inwards
|
547,500.00
|
Return Outwards
|
465,000.00
|
Discount Allowed
|
765,000.00
|
Discount Received
|
630,000.00
|
Trade Receivables
|
3,375,000.00
|
Trade Payables
|
4,282,500.00
|
Inventory
|
2,572,500.00
|
Land
|
345,000.00
|
Motor at cost
|
900,000.00
|
Furniture at cost
|
187,500.00
|
Accumulated
depreciation on motor
|
337,500.00
|
Accumulated
depreciation on furniture
|
75,000.00
|
Cash at bank
|
375,000.00
|
Cash in hand
|
142,500.00
|
Salaries
|
3,045,000.00
|
Carriage Inwards
|
1,665,000.00
|
Carriage Outwards
|
772,500.00
|
Printing and
Stationery
|
270,000.00
|
Electricity and
water
|
1,110,000.00
|
Insurance
|
510,000.00
|
General Expenses
|
2,610,000.00
|
Provision for bade
debt
|
15,000.00
|
Bad debt already
written off
|
30,000.00
|
Capital
|
5,250,000.00
|
Rent Received
|
285,000.00
|
Commission Received
|
840,000.00
|
Prepare a trial balance for the company as at that date.
(b) State what the Accountant will do if the error
still cannot be located in the trial balance.
INSTRUCTION: SUBMIT TO YOUR CLASS GOVERNORS
ON OR BEFORE 9A.M
ON OR BEFORE 9A.M
SATURDAY SEPTEMBER 14, 2019.
YOU ARE ALL WELCOME TO SECOND SEMESTER SUMMER 2019.
PATRIOT ODUNARO B.J. (08038454008)
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