9. The following trial balance relates to the books of Kaddu Enterprises for the period ended 30th June 2023
|
Debit (shs) |
credit (shs) |
| Rent |
1,560,000 |
|
| Insurance |
305,000 |
|
| Lighting expense |
516,000 |
|
| Motor expense |
1,960,000 |
|
| Salaries and wages |
4,850,000 |
|
| Sales |
|
35,600,000 |
| Purchase |
30,970,000 |
|
| Sundry expense |
806,000 |
|
| Vans |
3,500,000 |
|
| Creditors |
|
3,250,000 |
| Debtors |
6,810,000 |
|
| Fixtures |
3,960,000 |
|
| Buildings |
28,000,000 |
|
| Cash at bank |
1,134,000 |
|
| Drawings |
6,278,000 |
|
| Capital |
|
51,799,000 |
| Total |
90,649,000 |
90,649,000 |
Additional information 30.06.2009: i. Stock at 30 June 2023 was 9,960,000
ii. Motor van is to be charged at 10% using the reducing balance method.
iii. No record had been made for the fact that Kaddu used goods worth Ushs. 1,750,000 for personal use.
Required: Extract a statement of comprehensive income and a statement of financial position for the year ended 30 June 2023.
