The following is Asha’s trial balance as at 31 October 2018Dr(sh) Cr(sh)Bank 4,000Capital 20,500Depreciation (1.11.2017) 3,600Drawings 10,000Electricity 2,000Furniture at cost 9,000Cuea/ACD/EXM/JANUARY – APRIL 2019/ACCOUNTING AND FINANCE Page 4ISO 9001:2008 Certified by the Kenya Bureau of StandardsInsurance 1,500Miscellaneous expenses 65,800Provision for doubtful debts (1.11.2017) 1,200Purchases 80,000Sales 150,000Stock (1.11.2017) 10,000Trade creditors 20,000Trade debtors 21,000199,300 199,300Additional information;1. Stock at 31.10.2018 sh 15,0002. At 31.10.2018 there was a specific bad debt of sh 6,000. This was to bewritten off.3. Furniture is to be depreciated at a rate of 10% per annum on cost.4. At 31 October 2018, Asha owed the electricity board sh 600, and sh 100had been paid in advance for insurance.5. The provision for doubtful debts was to be made equal to 10% of tradedebtors as at the end of the year.Required:Prepare Asha’s trading and profit and loss account for the year to 31 October2018, and a balance sheet as at that date. (20 marks)*END*Cuea/ACD/EXM/JANUARY – APRIL 2019/ACCOUNTING AND FINANCE Page 5

The following trial balance was taken from the books of DRC Biz on 30th June2018.Dr. Cr.Shs. Shs.CUEA/ACAD/EXAMINATIONS/DIRECTORATE OF EXAMINATIONS & TIMETABLING Page 6ISO 9001:2015 Certified by the Kenya Bureau of StandardsDrawings 200,000Purchases and sales 7,132,000 9,230,000Wages and salaries 423,000Cash at bank 60,000Cash at hand 7,000Debtors and creditors 700,000 582,000Capital 2,000,000Stock 1st July 2017 533,000Electricity and telephone 140,000Premises at cost 1,000,000Office expense (including stationery) 95,000Provision for bad & doubtful debts,1st July 2017 10,000Rates and insurance 124,000Bad debts written off the year 29,000General expenses 144,000Motor vehicles running expenses 384,000Motor vehicles at cost 480,000Furniture & equipment at cost 450,000Provision for depreciation on motor vehicles 39,000Provision for depreciation on furniture& equipment 50,000Returns inwards and outwards 230,000 100,00012,071,000 12,071,000CUEA/ACAD/EXAMINATIONS/DIRECTORATE OF EXAMINATIONS & TIMETABLING Page 7ISO 9001:2015 Certified by the Kenya Bureau of Standardsb) Prepaid insurance amounted to Shs. 31,000 and unused stationery toShs. 16,000 on 30th June 2018c) Provision of bad debts should be adjusted to 2 % of debtorsd) 20% depreciation should be provided on the cost of motor vehicles and12½% on the book value of furniture and equipment.e) The stock on 30th June 2018 had a cost value of Shs. 565,000.Required:-a) Trading Account (6 marks)b) Profit and Loss Account (8 marks)c) Balance Sheet (6 marks)*END*CUEA/ACAD/EXAMINATIONS/DIRECTORATE OF EXAMINATIONS & TIMETABLING Page 8

The following are account balances for the medical practice of Pierre Laswai,MD, for October 2016.Cuea/ACD/EXM/JANUARY – APRIL 2019/ACCOUNTING AND FINANCE Page 1ISO 9001:2008 Certified by the Kenya Bureau of StandardsP.O. Box 6215700200 Nairobi - KENYATelephone: 891601-6Fax: 254-20-891084A. M. E. C. E. ACapital 30,000Accounts payable 6,000Equipment 29,000Service revenue 23,000Drawings 6,000Insurance expense 3,500Cash 11,000Utilities expense 700Supplies 2,800Salaries and wages expense 9,000Accounts receivable 10,000Rent expense 2,000Required:Prepare the trial balance as at October 31, 2016. (7 marks)

The trial balance extracted from the books ofTim on 31/12/2020 is as follows.Dr. Cr.Kshs. Kshs.Capital 217,500Land and building 150,000Equipment at cost 37,500Depreciation provision for equipment 15,000Fitting at cost 37,500Depreciation provision fittings 17,250Stock 21,375Salaries and wages 57,750Purchases 225,000Administrative expenses 30,000Cash in bank 37,500Cash at hand 7,500Debtors 37,500Creditors 21,375CUEA/ACAD/EXAMINATIONS/DIRECTORATE OF EXAMINATIONS & TIMETABLING Page 3ISO 9001:2015 Certified by the Kenya Bureau of Standards.Sales 375,000Carriage out ward 1,500Carriage inward 750Return inward 1,125Return out ward 1,400Discount allowed 2,250Discount received 1,225Bad debts written 1,500Total 648,750 848,750Additional informationi) Closing stock was valued at kshs30,000ii) Wages paid in advance shs2000iii) Administrative expenses outstanding shs 1500iv) Depreciation to be charged 10% on cost of equipment and 5% on cost of fittings.v) 5% provision for doubtful debts .Required;i) Trading profit and loss account for the period ending 31/12/20 (13 Marks)ii) Balance sheet as at 31/12/20

Mary Anyango had a cash balance of Sh 7,050 on March 1, 2018 in herM-Pesa Cash account. Mary Anyango uses Lipa-na-Mpesa for allbusiness transactions. During the month she had the followingtransactions;Date Transaction Amount (Sh)March 2 Bought goods for sales from Patel 1,000March 5 Paid rent 500Cuea/ACD/EXM/APRIL 2018/ACCOUNTING AND FINANCE Page 4ISO 9001:2008 Certified by the Kenya Bureau of StandardsMarch 14 Received a loan from Wamama Table banking 4500March 16 Business sale 3300March 23 Took cash for personal use 750March 24 Paid Patel 800March 26 Business sales on credit to Okal 1800March 29 Paid for advertising posters 300Required;Prepare and balance off Anyango’s M-Pesa Cash account at 31 March 2018

Kristina Tailoring Trial Balance (extract) as at 30th June 2018 K K Interest on Loan 1300+300=1600 Loan (8% p.a due 2022) 20 000 Rent 4 200-300=3900 Accumulated Depreciation on Equipment 3750+1500=4250 Equipment 15 000 Provision for Doubtful Debts 90 Bad Debts 60 Commission 1040 Insurance 650 Accounts Receivable 2500 Rent expense +300 Interest expense +300 Additional Information as at 30th June 2018 1. Rent per month is K300 2. Interest on loan is due K300 3. Depreciation on equipment is yet to be provided K1500_(Depreciation Expense) 4. Commission received in advance K80_ Required: 1. Draw accounts to record the initial account records 2. Prepare Balance Day Adjustment for adjustments 1-4 given above.