You have been contacted by the owner of a Jewelery Retail shop,
Magna Qarta ,
to prepare their accounts. You observe that they do not have a
full set of accounts. However, you extract the following data from
their records
Balances as at 31/12/2019
Property, plant and equipment
1455000
Accumulated Depreciation
354438
inventories
523800
Receivables
291000
Pepayments-Rates
11640
Bank
58200
Cash
17460
Creditors
116400
Electricity Accrued
7275
Balances as at 31/12/2020
inventories
986490
Receivables
349200
Pepayments-Rates
13095
Bank overdraft
451050...