ull Airtel TZ 3G 13:59 @ 23% O ( STREAM C GROUP 3 PREP... Closing Stock was valued at Tshs. Tshs. 5,300 3. Consider the following Trial Balance of Wakunyumba Traders as at 31st De DEBIT CREDIT Accounts Payable 95,050,000 Accounts Receivable 71,000,000 Promotion and Advertisement 44,800,000 Bank 34,400,000 Capital Carriage Inward 677,140,000 36,800,000 Cash in hand 22,700,000 Discounts 33,480,000 63,470,000 Drawings 86,250,000 Furniture 190,180,000 Insurance 27,140,000 Motor Van 240,000,000 Returns 190,000,000 110,000,000 Office Rent 27,000,000 Purchases 11,400,000 Salaries 36,000,000 Purchases and Sales 369,000,000 601,790,000 Stock 79,200,000 1,523,400,000 1,523,400,000 Closing inventory was valued at Tshs. 59,350,000 Required Draw up a Statement of Profit or Loss and Other Comprehensive Income for the December, 2019 and Balance sheet as on that date .ull Airtel TZ 3G 10:08 @ 12% I 4. The trial balance below was extracted from the books of CiciCaca Enterprise as at 31 Mac 2020: Particulars Debit Credit RM RM 377,000 432,000 102,000 625,000 950,000 Purchases and Sales Plant and machinery Vehicles Land and building Accumulated depreciation: Plant and machinery Vehicles Discount allowed and discount received Returns inwards and returns outwards Carriage inwards Carriage outwards Custom duties Drawings Provision for doubttul debts Salaries and wages Electricity and water Rent and rates Insurance Mortgage on land and building Repairs and maintenance Commission earned Accounts receivables Account payable Inventory-1 April 2019 Cash at bank Capital 175,000 39,000 760 12.200 1,500 44,000 4,700 5,500 15,400 3,600 2,000 300,000 65,000 4,000 55,000 450,000 6,300 95,000 187,000 166,500 51,000 41,100 429,640 2,320,100 2,320,100 TOTAL The following additional information is to be taken into consideration: i. Increase in provision for doubtful debts to RM3,610 Depreciation for the year: a Plant and machinery b. Vehicles ii. i. RM25,700 RM15,300 Accrued expenses: a Rent and rates b. Electricity and water iv. Expenses paid in advance: a Salaries and wages RM1,000 RM4,800 - RM4,500 A/0 b. Insurance v. Inventory on 31 Mac 2020 was RM42,800. RM5,000 Required: a) Prepare the Statement Profit or Loss and Other Comprehensive Income for the year ended 31 Mac 2020. b) Prepare the Statement of Financial Position as at 31 Mac 2020. b Bartleby.com Visit Answered: The trial balance below was extracted... | bartleby Imogns may bo cubiont toconvriabt Loorn more A Q discounts received debit or credit in profit or loss and •..