cameroon gce advanced level financial accounting 3
cameroon gce advanced level financial accounting 3
Stock in trade on 31/12/2019 was valued at 7,420,000 CFAF
| ii) iii) iv) |
Rates paid in advance on 31/12/2019 amounted to 450,000 CFAF, General expense outstanding 240,000 CFAF Depreciation is calculated on plant and machinery at 5 % on reducing balance method and motor vehicle 10 % on cost. |
| v) vi) |
Provision for doubtful debts 8 % on debtors figure The directors recommend 2,000,000 CFAF on general reserve and 5 % on share capital for dividend to shareholders |
