The following was the partnership trial balance as at 30 April 2009

The following was the partnership trial balance as at 30 April 2009:

5. On 30 April, the stock was valued at Sh.1, 275,000.
6. Salaries included the following partners’ drawings:
Rotich Sh.150, 000, Sinei Sh.120, 000 and Tonui Sh. 62,500
7. A difference in the books of Sh.48,000 had been written off at 30 April 2009 to general
expenses, which was later found to be due to the following clerical errors:
- Sales returns of Sh. 32,000 had been debited to sales returns but had not been posted to
the account of the customer concerned;
-The purchases journal had been undercast by Sh.80,000
8. Doubtful debts (for which full provision was required) amounted to Sh.30, 000 and Sh.40,
000 as at 31 October 2008 and 30 April 2009respectively.
9. On 30 April 2008 rates and rent paid in advance amounted to Sh.50, 000 and a provision of
Sh.15, 000 for electricity consumed was required.
Required:
a) Trading and profit and loss account for the year ended 30 April 2009.
b) Partners’ current accounts for the year ended 30 April 2009
c) Balance sheet as at 30 April 20019

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Titany answered the question on December 10, 2021 at 12:19

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