Yahuza Enterpises Trial Balance (Extracts) as at Dec. 31, 1998. Capital Premises 90,000 21,000 Debtors 35,000 Provisions 1/1/98: Depreciation 9,000 Bad and ...

Assessment: JAMB UTME - Principles of Accounts - 2000 Subject: Financial Accounting

Question 1 Report

Yahuza Enterpises

Trial Balance (Extracts) as at Dec. 31, 1998.

Capital

Premises 90,000 21,000

Debtors 35,000

Provisions 1/1/98:

Depreciation 9,000

Bad and doubtful 1,500

If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is

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