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please answer this question.the following balances were
extracted from the books of modern traders on 31st
dec,2010.capital(85000)fixed
assets(45000)stock1-1-2010(15000)sundry
debtors(20600)productive exp(3300)reserves
fund(6600)discount received(800)cash in
hand(6200)drawing(5000)accomulated
dep.(9000)purchases(82000)bad debts(400)unproductive
exp.(27400)sundry creditors(9000)sales(120000)cash at
bank(25500).adjustments.stock on
31-12-2010(15000).outstanding wages (5000) write-off (600)of
further bad debts. create provision for bad & doubtful debts
at {5%) on debtors.unproductive expenses includes anitem of
prepaid insurance (100).provide depreciation on original
cost of fixed assets @ (10%).
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