QUESTION The following trial balance was extracted from the books of Chipumalanga Enterprises as at 31 Lember, 2019 Dr

Particulars

Purchanes

Sales

Dewings

Reuma inwarh Returns outwards

the allowed Discounts received

Deh

Cros

Stock

Freehold premises at cit Mobil vehicles utmost

Furniture att

Provision for depreciation on motor vehicles Provision for depreciation on fumitur

Cash at bank Cash in hand

The in

14,100% 7.300.00

10.200.0

45.000.00

14.300.00

46,00000

12,00000 5000

1.40

Saluties 40.60000

Carriage inwards

Carriage outwands Printing and the y

22.200.00 10 000

3.600.00

Electricity and water 14.9000 HIKI ND

Institute

General expenses Provision for bad debt

34. VOD

Bad debt witten off 400.00

Capital Reni received

Commission received

The following information should be taken into account

Suck ut 31st December 2019 wus valuet ut Tsts 31, 800UK0,

680 300.00

Cr. Tahsin

S17,000.00

6200.00

8,400.00

37,100.00

4.500.00

200.00

11,200.00 680.300.00

ti) Acersed expenses at 31/12/2019 were salaries T S X 000 and electricity Tsh MX

Prepaid expenses at 31/12/2010 were insurance Tshs. 400.X) and general expenses Tshs.500,XI

(iv) Adjust mavision for bad debt to 24 debts and create provision for discount

allowable at 15 of debtors

(v) Commission due but yet to he received at 31/12/2019 amounted to Tsh. 800,00

(vi) Change depreciation on Non Current assets a follows, Furniture 20 on cost and

Motor vehicles: 1 cn cOnt

(vii) Rent received in advance at 31/12/2019 mounted to 4.21,000. (vii) Godh casting Tuhs. 1.200.000 were taken by the owner for private me. This was yet lo he recorded in the books