On 1^st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year. The following balances were available Items ...

      

On 1^st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year.
The following balances were available
Items 31.12.2009
Shs.
Creditors 50 000
Debtors 30 000
Bank overdraft 80 000
Buildings 870 000
Rent due 10 000
Salaries prepaid 10 000
i) Prepare statement of affairs as at 31.12.2009
ii) Determine the net profit for the year

  

Answers

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(a) Statement of affairs 31st Dec. 2009

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Kavungya answered the question on April 4, 2019 at 05:28

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