I

llustrati
onOne
Ony angohasabusi nessthathasbeent
radingforsomet
ime.Youar
egi
vent
he
foll
owi nginf or
mationasat31stDecember2019
‘000’
LandandBui ldi
ngs 11,000
Furnitur
e&Fi tti
ngs 5,500
Mot orVehicles 5,800
Stocks 8,
500
Debt ors 5,600
Bank 1,500
Cash 400
Creditors 2,500
Capital 30,
800
Loan 5,000

Requi
red:
prepar
east
atementoff
inanci
alposi
ti
on(
Bal
anceSheet
)asat31December2019

I
ll
ust
rat
ionTwo
Kamauset supanew busi ness. Befor
eheact ual
lysel
l
sanything,hebuy smot or
vehi
clesof3,
000,
000,premisesof7,000,
000,st
ockofgoods2,000,000whichhest il
l
owes800,000i
nrespectofthem.Hebor rows4,000,
000fr
om Evans.Af t
ertheevents
descr
ibedandbef
oretr
adingstart
s,hehas300,
000cashand600,
000i nthebank.

Requir
ed:Cal
culat
etheamountofhi
scapi
tal
andpr
epar
ethest
atementoff
inanci
al
posi
ti
on(bal
ancesheet
)

Il
lustr
ationThree
Thef ol
lowinginformationr elat
est oKedenkoent erpri
sesfort hemont hofJune2019.
2019
June 1 Start
edbusi nesswi t
h5, 000,000i nthebank.
“ 2 Boughtmot orv anpay i
ngbychequeof1, 200,000.
“ 5 BoughtFixt uresof40, 000oncr edi tfrom Offi
ceMast ersLtd.
“ 8 Boughtav anoncr editfr om Mot orCar sLtdof800, 000.
“ 12 Took100, 000outoft hebankaccountandputi tintothecashti
l
l.
“ 15 BoughtFi xt urespay i
ngbycash60, 000.
“ 19 Pai dMot orCar sLtdbychequeof800, 000.
“ 21 Al oanof100, 000cashi sreceivedf rom Wany onyi.
“ 25 Pai d80,000oft hecashi nhandi ntot hebankaccount .
“ 30 Boughtmor eFi xt
urespay i
ngbycheque30, 000.
Required:
Wr i
teupt heasset,capitalandl iabi
lit
yaccount sint hebooksofKedenkoEnt erpr
isest
o
recordthetransacti
ons.

Il
lust
rat
ionFour
Thefoll
owinginformat
ionrelat
estoMwanzia,
asolet
raderf
ort
hemont
hofMay2019.
2016
May 1 Start
edbusinesswit
h2,000,
000int
hebank.
“ 2 Purchasedgoods175, 000oncr edi tfrom KedenkoEnterpri
ses.
“ 3 Boughtf urni
tureandf itt
ingsof15, 000pay ingbycheque.
“ 5 Soldgoodsf orcashof275, 000.
“ 6 Boughtgoodsoncr edit114, 000f rom Kamau.
“ 10 Pai drentbycashof15, 000.
“ 12 Boughtst ati
oner yof27,000, pay i
ngi ncash.
“ 18 Goodsr eturnedt oKedenkoEnt erprisesof23, 000.
“ 21 Letof fpar tofthepr emisesr eceiv i
ngr entbycheque50,000.
“ 23 Sol dgoodsoncr edi
ttoKamauf or77, 000.
“ 24 Boughtamot orvanpay ingbycheque300, 000.
“ 30 Pai dthemont h’swagesbycash117, 000.
“ 31 Thepr opri
etort ookcashf orhi msel f44, 000.
Requi
red:
Youaretoenterthefoll
owi ngt r
ansact i
ons, compl etingthedoubleentr
yinthebooksof
Mwanziafort
hemont hofMay2019.

Il
lustr
ati
onFive
Wr i
teupat wo-
columncashbookf
rom t
hef
oll
owi
ngdet
ail
sofKi
l
onzoandbal
anceof
f
asatt heendofthemonth:

2016
May 1 Star
tedbusinesswi t
hcapital i
ncashof1, 000,
000.
“ 2 Paidrentbycashof10, 000.
“ 3 Ki
mt ail
entKil
onzo500, 000pay ingbycheque.
“ 4 Ki
lonzopaidOny angobyachequeof65, 000.
“ 5 Ki
lonzomadeCashsal es98, 000.
“ 7 Mill
erpaidKil
onzobychequeof62, 000.
“ 9 Ki
lonzopaidWany ony i
incashof22, 000.
“ 11 Cashsalespaiddi rectint
ot hebankaccountof53,000.
“ 15 Ki
lonzopaidEv ansi ncashof65, 000.
“ 16 Ki
lonzotook50, 000outoft hecasht il
landdeposi
tedi
ntot
hebank
account.
“ 19 Ki
lonzorepaidKimtai100,
000byacheque.
“ 22 Cashsal
espai ddir
ectintothebankaccountof66,000.
“ 26 Ki
lonzoPaidmot orexpensesbychequeof12,000.
“ 30 Ki
lonzowithdrew100,000cashfrom t
hebankf orbusinessuse.
“ 31 Ki
lonzopaidwagesi ncashof97,000.

Il
lustr
ati
onSix
Wr i
teathree-
columncashbookf rom t
hef ol
lowi
ngdet ai
lsofRashidandbal
anceof
f.
2016
Mar 1 Balancesbr oughtforward:Cash230,000;Bank4,756,
000.
“ 2 Thef ol
lowingpaidt hei
raccountsbycheque, i
neachcasededucti
ng5%
discounts:
Ony ango140, 000;Wanyonyi220,000;
Kimtai300,
000.
“ 4 Rashidpaidr entbyachequeof120, 000.
“ 6 Ronol entRashid1, 000,000pay ingbycheque.
“ 8 Rashidpai dthef ol
lowingaccount sbychequei neachcasededucti
nga2
% cashdi scount:Karimi 360,000;Kilonzo480,000;Opi
yo300,000.
“ 10 Rashidpai dmot orexpensesi ncashof44, 000.
“ 12 Wilf
redpai dhisaccountof77, 000, bychequeof74, 000
“ 15 RashidPai dwagesi ncashof160, 000.
“ 18 Thef ollowingpaidt heiraccount sbycheque,i neachcasededucti
ng5%
cashdi scount:Will
iam 260,000; Wilson340,000; James460,
000.
“ 21 Rashiddr ew350, 000f r
om t hebankf orbusinessuse.
“ 24 Rashiddr ewcashof120, 000.
“ 25 Rashidpai dWay nehi saccountof140, 000,bycash133,000
“ 29 Boughtf i
xtur
espay ingbychequeof650, 000.
“ 31 RashidRecei vedcommi ssionbychequeof88, 000.

I
ll
ust
rati
onSeven
Acashi
erinafi
rm st
art
swith200,
000i
nthemont
hofMar
ch(
thati
sthecashf
loat
).In
t
hefoll
owingweek,t
hefol
l
owingpayment
saremade:

1stMar
ch–boughtst ampsf or 8,
000
nd
2 Mar ch–pai
dbusf ar
ef or 12,
000
2ndMarch–cl
eaningmat erials 24,
000
rd
3 March–boughtf uel 10,
000
3rdMar
ch–cleani
ngwages 30,
000
4thMar
ch–boughtst amps 20,
000
4thMar
ch–paidKibet( creditor
) 40,
000
th
5 March–fuelcosts 15,
000

Onthe5th ofMar
cht hecashi
err
equest
edf
orar
efundoft
hecashspentandt
his
amountwasrei
mbursedback.

Requir
ed:
Prepar
eadetai
ledpett
ycashbookshowi ngthebal
ancet
obecarr
iedfor
wardtothe
nextperi
odandtherel
evantexpenseaccount
s,ast
heywoul
dappearontheGeneral
Ledger.

I
ll
ust
rat
ionei
ght
Drawupabankr econcil
iati
onstatement,
afterwri
tingt
hecashbookupt
odat
e,
ascertai
ningthebalanceont hebankstat
ement ,
from t
hefol
lowi
ngason31March
2016:
’000’
Cashatbankasperbankcol umnofthecashbook( Dr)
38,960
Banking’smadebutnoty etent
eredonbankst at
ement
6,
060
Bankchar gesonbankst atementbutnotyetincashbook
2800
Un-presentedchequesNkobe
1170
Standingordert
oABCLt dent
eredonbankst
atement
,butnoti
ncashbook
550
Credittr
ansferf
rom Al
l
anenter
edonbankstat
ement,butnoty
eti
ncashbook
1,
890

I
ll
ust
rat
ionni
ne
Thefol
l
owi ngareext
ract
sfr
om t
hecashbookandt
hebankst
atementofNkobe.You
arer
equir
edt o:

a)Writ
ethecashbookuptodate,andst
atethenewbal
anceason31December
2016,and
b)Drawupabankr econci
l
iat
ionstat
ementason31December2016.

CASHBOOK
2016 Dr ‘
000’2016 Cr ‘
000’
Dec1 Bal
anceb/
d 1,740 Dec8ADail
ey 349
Dec7 Map 88 Dec15RMason 33
Dec22 JCr
eam 73 Dec28 GSmal
l 115
Dec31 KWood 249 Dec31Bal
ancec/
d
1,
831
Dec31 M Bar
ret
t 178
2,
328 2,
328

BANKSTATEMENT
2015 Dr Cr Bal
ance
‘
000’ ‘
000’ ‘
000’
Dec 1 Balanceb/ d 1,
740
Dec 7 Cheque 88 1,
828
Dec 11 ADai l
ey 349 1,
479
Dec 20 RMason 33 1,
446
Dec 22 Cheque 73 1,
519
Dec 31 Creditt
ransfer
:JWal
ter
s 54 1,
573
Dec 31 Bankchar ges 22 1,
551

I
ll
ustr
ationten
On31Oct ober2016,t
hecashbookofKedenkoEnterpr
isesLtd.Showedadebitbal
ance
ofSh.
1,710,
000.Thisdi
dnotagreewit
hthebalanceshownint hebankstat
ement.
Uponi nv
esti
gati
on,
theaccount
antdi
scoveredthefol
lowingerr
ors:

1.AchequepaidtoKedenkoforSh.
306,000hadbeenenter
edinthecashbook
asSh.387,
000
2.Cashpaidint
othebankbyacustomerf orSh.
90,
000hadbeenenter
edinthe
cashbookasSh.
81,000
3.Atransf
erofSh.
1,110,
000t
oCentral
Sav i
ngsBankhadnotbeenpost
edtothe
cashbook.
 4.Arecei ptofSh. 9,000showni nt hebankst at
ementhadnotbeenpost edinthe
cashbook.
5.Chequesdr awnamount i
ngtoSh. 360, 000hadnotbeenpai dint
othebank.
6.Thecashbookbal ancehadbeeni ncor
rectl
ybr oughtdownat1Nov ember
2015 as a debi tbal ance ofSh. 1,080,
000 instead ofa debi tbalance of
Sh.990,000
7.Bankchar gesofSh. 18, 000donotappeari nthecashbook.
8.Ar eceiptofSh. 810,000pai di ntot hebankon31Oct ober2016appear edin
thebankst at ementon1Nov ember2016.
9.Ast andingor derofSh. 27,
000hadnotbeenr ecordedinthecashbook.
10.
Achequef orSh. 45,000pr eviouslyr ecei
vedandpai dintothebankhadbeen
ret
ur nedbyt hecust omer ’
sbankmar ked“accountclosed” .
11.
Thebankr ecei v
edadi rectcreditofSh. 90,
000f rom ananony mouscustomer .
12.
Chequesbankedhadbeent otaledatSh. 135,
000i nsteadofSh.153,000.
13.
Achequedr awni nf avourofNy agaf orSh.120,000hadbeenent eredont he
debitsideoft hecashbook.

Requir
ed;
a.Adj
ust
edcashbookasat31Oct ober2016
b.Abankreconci
l
iat
ionst
atementasat31October2016.

I
llust
rati
onel even
Thet r
ialbalanceofAmandaLt dasat30Apr i
l2016di dnotbal ance.Oni nv estigation,
thefol
lowinger rorswer ediscov er
ed:
1.Al oanofSh. 2,000,000from oneoft hedir
ectorshasbeencor rectl
yent eredin
thecashbookbutpost edt othewr ongsi deoft heloanaccount .
2.Thepur chaseofamot orv ehicleon cr editf r
om Sh. 2,
860,000 had been
recordedbydebi ti
ngt hesuppl i
er’saccountandcr editi
ngthemot orexpenses
account .
3.Achequef orSh. 80,000f r
om Ogol a,acustomert owhom goodsar er egularly
suppliedoncr edit
,wascor r
ectlyent er
edinthecashbookbutwaspost edt o
thecr edi
tofbaddebt srecoveredaccounti nthemi st
akenbel i
efthati twasa
receiptfrom Agol a,acust omerwhosedebthadbeenwr i
tt
enof ft hreey ears
earli
er.
4.I nreconcili
ngt hecompany ’scashbookwi t
ht hebankst atement ,
itwasf ound
thatbankchar gesofSh. 38,000 had notbeen ent ered int hecompany ’
s
records.
5.Thet otalsoft hecashdi scountcol umnsi nt hecashbookf orthemont hof
Apr i
l2016hadnotbeenpost edtot herespecti
v ediscountaccount s.

Thef
igur
eswer
e:
Sh.
Di
scount
sall
owed 184,
000
Di
scount
srecei
ved 397,
000

6.Thecompanyhadpur
chasedsomeplanton1May2016f orSh.
1,600,
000.
Thepay
mentwascorr
ectl
yenter
edi
nt hecashbookbutwasdebi
tedt othe
 pl
antr
epair
saccount.Depr
eci
ati
ononsuchpl
anti
spr
ovi
dedf
oratt
her
ateof
20%perannum oncost.

Requir
ed:
a. Jour
nalent
ri
eswithnar
rati
onstocorrectt
heaboveer
ror
s.
b.Suspenseaccount
sshowingtheori
ginaldi
ffer
ence

Il
lustrationt welv e
From t hef oll
owi ngtr
ial
balanceofNkobedr
awupatradi ngandpr ofi
tandlossaccount
forthey earended30Sept ember2016,andabal
ancesheetasatt hatdate.
Dr Cr
‘000’ ‘000’
Stock1Oct ober2016 23,
680
Carriageout war ds 2,000
Carriagei nwar ds 3,100
Retur nsi nwar ds 2,050
Retur nsout war ds 3,220
Purchases 118, 740
Sales 186,000
Salariesandwages 38,620
Rent 3,040
Insurance 780
Mot orexpenses 6,640
Of f
iceexpenses 2,160
Lightingandheat i
ngexpenses 1,660
Gener al expenses 3,140
Premi ses 50, 000
Mot orv ehi cles 18, 000
Fixturesandf i
ttings 3,500
Debt or s 38, 960
Credit ors 17,310
Cashatbank 4,820
Drawi ngs 12, 000
Capi t
al 126,360

332,
890 332,
890
ockasat30thSept
St ember2016,
29,
460,
000

I
ll
ustrationthi
rteen
Thefollowingtri
albal
ancewasext
ract
edf
ormt hebooksofNkobe,
asol
etr
ader
,at31st
December2016:
Shs Shs
‘
000’ ‘
000’
Drawings/Capital 2,
148 20, 271
Debtors/Credi
tors 7,
689 5,
462
Purchases/Sal
es 62,
101 81, 742
RentandRat es 880
Lightandheat 246
Salari
esandwages 8,
268
Baddebt s 247
Provisionf orbaddebts 326
Stocki nt ade31stDec2016
r 9,
274
Insurance 172
Gener alExpenses 933
Bankbal ances 1,
582
Mot orv anatcost/Provi
sionf
or 8,
000 3,
6000
depreciat i
on
Proceedsonsal eofv an 250
Mot orexpenses 861
Freehol dpremisesatcost 15,
000
Rentr eceived 750
Provisionf ordepr
eciati
ononbui
ldi
ngs 5,
000
117,
401 117,
401
Addi
ti
onali nformat ion
1.St ocki nt adeat31stDecember2016wasShs.
r 9,
884, 000
2.Rat espai dinadv anceat31stDecember2016, Shs.40, 000
st
3.Rentr eceivabl edueat31 December2016, Shs.250,000
4.Li ghtingandheat ingdueat31stDecember2016, sh.85,000
5.Pr ovisionf ordoubt fuldebt stobei ncreasedtoShs. 388, 000
6.I ncl
udedi ntheamountf ori nsuranceShs.172,
000i sani tem f
orShs82, 000for
mot orinsur anceandt hi
samountshoul dbet r
ansf erredt omotorexpenses.
7.Depr eciati
onhasbeenandi st obechargedonv ansatanannual r
ateof20%on
cost.
8.Depr eciatebui l
dingsShs. 500, 000
9.On1stJanuar y2016av anwhi chhadbeenpur chasedf orShs.
1,000,000on1st
Januar y2013wassol dforShs250, 000.Theonl yrecor dofmat teri
st hecredi
tof
Shs.250, 000t o“Pr oceedsofsal eonv an”account .

Requi
red:
ATradi
ngProfi
tandLossaccountf
ortheyearended31stDecember2016anda
Bal
anceSheetasatdat
eusingvert
ical
for
mat.

Il
lustrati
onfour
teen
Mr .Ongwaei st
hesolepropr
iet
orofasmall
busi
ness.Thef
oll
owi
ngt
ri
albal
ancewas
extractedfr
om hisbooksat31March2016.

Sh.‘
000’Sh.‘000’
Capit
al 4,896
Fr
eehol dl
andandbui l
dings(
atcost
) 3,
600
Pl
antandmachi neryatcost 3,
480
Provi
sionfordepr
eciati
on–plantandmachi
ner
y 1,680
Deli
veryvans 960
Provi
sionfordepr
eciati
on–deli
veryvans 672
Looset oolsatv aluat i
onon1Apr i
l2015 288
Stocks1Apr il2016 2,
232
Purchases 4,
440
Looset ools 192
Sales 15,
840
WagesandSal aries 5,
288
RatesandI nsur ance 384
Repair sandmai nt enanceofbuil
dings 240
Salesexpensesi ncl udi
ngvehi
clerunni
ngcost
s 344
Electri
cityandpower 1,
440
Industrialtraini
ngl ev y 72
Admi nistrationexpenses 672
Provisionf ordoubt fuldebt
s 240
Debtor sandCr edi tors 1,
984 1,928
Drawi ngs 480
Bank 864
Cashi nhand 24 ___ _
_
26,
120 26,120
Addi
ti
onali nformation:
1.Cl osingst ockon31Mar ch2016wasSh. 2,
008,000.Looset oolsatvaluat
ion
Sh.384, 000.
2.Pr ovisionistobemadef orthef ol
lowi
ngamountowi ngon31Mar ch2016:
Electri
cityandpowerSh. 192,000.
3.Pay ment sinadvanceon31Mar ch2016wereasf ol
lows:Vanl
icenses
Sh.2,520andr at
esSh. 13,800.
4.Depr eciati
ononpl antandmachi neryanddeli
veryvansistobepr ovi
dedatthe
rateof20%and25%r espect i
velyoncostattheendoft heyear.
5.Baddebt samount ingtoSh. 26,000aretobewr i
ttenoffandtheprovisi
onfor
doubt fuldebtsistobe10%oft radedebtor
s.

Requir
ed:
a.Trading,
profi
tandl
ossaccountf
ort earended31stMar
hey ch2016
(15mks)
b.Balancesheetasatt
hatdate
(10mks)

I
ll
ustr
ati
onfi
fteen
Nkobe
Tr
ialBal
anceason31December2016
Dr Cr
Stockofrawmat eri
als1.1.2016 21,
000
Stockoffinishedgoods1. 1.2016 38,
900
Wor kinprogress1.1.2016 13,
500
Wages( di
rect180,000: f
actoryindi
rect 325,
000
145,000)
Royalti
es 7,
000
Carri
ageinwar ds(onr awmat erial
s) 3,
500
Purchasesofr awmat erials 370,
000
Product i
v emachi nery(cost280,000) 230,
000
Account ingmachi nery(cost20,000) 12,
000
Gener al factoryexpenses 31,
000
Light
ing 7,
500
Factor ypower 13,
700
Admi nist rat
ivesal ar i
es 44,
000
Salesr epr esentat ives’salari
es 30,
000
Commi ssiononsal es 11,
500
Rent 12,
000
Insurance 4,
200
Gener al admi nistrationexpenses 13,
400
Bankchar ges 2,
300
Discount sallowed 4,
800
Carri
ageout war ds 5,
900
Sales 1000,
000
Debtor sandcr edi tors 142,300 125,
000
Bank 56,800
Cash 1,500
Drawi ngs 20,000
Capital asat1. 1. 2016 _
__ _
__ 29,
680
1,
421,800 1,
421,
800

Addi
ti
onal
inf
ormat
ionasat31.
12.
2016

1. Stockofrawmat erial
s24,000,st
ockoff
ini
shedgoods40,000,wor
ki npr
ogress
15,000.
2. Li
ght i
ng,andrentandinsurancearet
obeapport
ioned:f
actor
y5/6ths,
t
h
admi ni
str
ati
on1/ 6.
3. Depreciat
iononproductiv
eandaccounti
ngmachineryat10percentperannum on
cost.

Requir
ed:
a.Prepareamanufacturi
ng,Tr
adi
ngPr
ofi
tandLossAccountf
ort
hey
earended31
December2016
b.Balancesheetasatthatdat
e

Il
lustrati
onsixteen
EldoretLt dmanuf actur
esonepr oductwhichitsell
stothewholesal
etrade. The
foll
owi ngtr
ialbalancewasext r
act
edfrom t
hebooksofthecompanyat30Apri
l2016:
Sh. Sh.
Stocksat1May2016
Rawmat eri
als,atcost 350,
000
Wor k-in-
progress, atf
actor
ycost 1,
800,
000
Fini
shedgoods( 3,500units)atf
actory 3,
500,
000
cost
Rawmat eri
alspur chased 3,
950,
000
Sales( 12,000uni ts) 18,
000,
000
Manuf act uringwages 3,
000,
000
Factoryr entandr at
es 1,
400,
000
Factoryl i
ght ,heatandpower 655,
000
Plantatcost 6,
000,
000
Plantdepr eciat
ionat1May2016 2,
800,
000
Wor ksmanager ’ssalary 245,
000
Plantrepai rs 400,
000
Admi nistrativeov er
heads 1,
800,
000
Factoryl easeatcost( 20year
sdur
ati
on) 4,
000,
000
Amor t
izationat1May2016 1,
200,
000
Sharecapi tal 7,
500,
000
Debt ors 3,
050,
000
Bankbal ance 1,
600,
000
Creditors 2,
450,
000

Car
ri
agei
nwar
ds 200,
000 __
__ _
__
31,
950,
000 31,
950,000

Thefoll
owi ngaddi t
ional i
nformationisavai
labl
e:
1. Plantdepr eciat
ioni stobepr ovi
dedat10%ont hecostofpl antownedattheyear
end.
2. Rawmat erial
scost ingSh.500,000wer einstockon30Apr i
l 2016.
3. Fini
shedgoodsar et ransfer
redt othewar ehouseassoonast heyarecomplet
ed.
Duringt hey ear,10,000uni tswer ecompl etedandt ransferredtothewarehouse.
Wor k-i
n-progressatt heendoft hefi
nancialyear( atfactor ycost
)amountedt o
Sh.2,300,000.
4. Therewasnowast ageorpi l
ferageduri
ngthecur rentyear
.

Requi
red:
a) Manuf act
uri
ng,tradingandpr of
itandlossaccountfort
heyearended30April2016.
(
10mks)
b) Assumet hef actsasi n(a)above,exceptthatithadalwaysbeent hecompany ’
s
pract
icetotransfercompl etedunit
sfrom thefactor
ytothewarehouseatcostplus
25% andt ov aluest ocksoff i
nishedgoodsatt hetr
ansferpri
ceforthetrading
accountbutatf actory costforbal ance sheetpurposes. Show how t he
manuf act
uri
ng,tradingandpr of
itandlossaccountfortheyearended30Apri
l2016
wouldappear. (5mks)

I
ll
ust
rat
ionsev
ent
een
Nkobedoesnotkeepproperbooksofaccount
.Youascer
tai
nthathi
sbankpay
ment
sand
r
eceipt
sduri
ngtheyearto31December2016wereasfoll
ows

Reci
ept
s Pay
ment
s

000 000
Bal
ance1Jan2016 572 Pur
chases 10,
007
 Chequesforsal
es 13,
179 Expenses 2,
950
Cashbanked 14,
005 Drawings 11,
250
Bal
ance31Dec 3,
751 Deli
veryvan 7,
300
2016
31,
507 31,
507

Fr
om acashnot
ebooky
ouascer
tai
n:
000
Cashinhand1Januar y2016 62
Casht aki
ngs 16,
300
Purchasespaidincash 1,
850
Expensespaidincash 375
Cashinhand31December 65
2016
Drawingsbypropri
etori
n Unknown
cash

Youdi
scov
ert
hatasset
sandl
i
abi
l
iti
eswer
easf
oll
ows:

1Jan2016 31Dec2016
000 000
Debtor
s 1,
850 2,
070
Tradecredi
tor
s 1,
250 1,
420
St
ockonhand 2,
650 2,
990

Depr
eci
ati
onont
hev
ani
stobepr
ovi
dedatt
her
ateof20%perannum.