pls someone help me to solve the question number 7
pls someone help me to solve the question number 7 . to labourers *2000
and salary due to the elen n,ooo
From the following Trial Balance extracted books or Mr.
year ended 31st March.
Saaon 1st April. 2017
vies and Wages
Plant & Equipment
Sales Van (purchased on
1st Jan., 2018)
Upkeep of Sales Van
Cash on hand and at bank
36.000' Bills Payable
Provision for Doubtful Debts
(l) Charge one-fourth of ' 'Salaries and Wages" to Trading Alc.
(2) Insurance includes a premium of ?800 paid for one year ending 30th June 2018.
(3) Commission receivable 0,000.
(4) Depreciate Plant & Equipment by 10% p.a. and Sales Van by 20% p.a.
(5) Goods of the value of 15,000 have been destroyed by fire and the Insurance
Company has admitted the claim upto 60%.
(6) Create a provision for doubtful debts at 5%. Bad debts •written off 0,000 and
provide for discount on debtors at 4%.
(7) Stock was valued at on 31st March, 2018.
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