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SS2: FINANCIAL ACCOUNTING - 2ND TERM

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Illustration 2

The following is a summary of the bank account of Salami a retailer for the year ended 31st December 1998.

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Additional Information

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You are required to prepare:

(a) Statement of affairs as at 1/1/98

(b) Debtors and creditors control accounts.

(c) Trading, Profit and Loss account.

(d) Balance sheet as at 31/12/98.

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