Leasehold property
Equipment
Provisions for depreciation
Leasehold property
Equipment
6% bank loan
Bank dr
Trade receivable
Trade payable
Provisions for doubtful debts
Revenue (sales)
Purchases
Purchases returns
Stock at 1/04/15
Equipment repairs
Equipment running expenses
General expenses
Wages
Insurance
Power and water
Advertising
Discount allowed
Discount received
Capital at 1/04/15
Darawings
Additional information
31/03/16 stock was valued at 3870
Bright tembo took stock valued at 450 for his own use
Equipment running expenses 750 were accrued
Insurance 1350 was prepaid
The 6% bank loan was received on 1/12/15
An approximate amount is to be written off the lease
The purchase of additional equipment 10000 had been
omitted from the books
Payment was 5000 by cheque with the remainder on credit
Equipment is to be deprecated at the rate of 20% per
annum using the diminishing balance method
Provisions for doubtful debt is to be maintained at 8% of
trade receivables
50,000.00
54,000.00
10,000.00
17,000.00
25,000.00
5,150.00
6,750.00
4,010.00
700.00
78,580.00
18,240.00
1,600.00
4,690.00
850.00
2,650.00
8,400.00
15,300.00
3,640.00
2,300.00
5,100.00
1,650.00
330.00
50,000.00
8,500.00