cameroon gce advanced level financial accounting 3

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

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