K.C.S.E Business Studies Q & A - MODEL 2019PP2QN2b

The Trial Balance given below was extracted from the books of Rakwaro Enterprises on
31 December 2015.

​Stock on 31 December 2015 was valued at Ksh 280,400.

Required

• Prepare Rakwaro Enterprises Trading Profit and Loss Account for the period

             ending 31 December 201 5 

• Determine Rakwaro Enterprises initial capital. 

Answers

INITIAL CAPITAL=Final capital-NP+D
               =720000 - 337200 + 28000
=Shs 40800