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QUESTION 5 (ASSIGNMENT) Kaba Limited acquired a shop in Accra and has also rented a...

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QUESTION 5 (ASSIGNMENT) Kaba Limited acquired a shop in Accra and has also rented a premise at Hohoe. The trial balance below shows the activities of the company for the financial year ended 31" December, 2017 Hohe Accra Debit Credit Debt Credit GHEGHE GHE GHE 199,200 Capital Noncurrent assets 126.000 14.00 Stock 7200 2.400 Debtors 16.00 Creditos 15,600 x 400 Bank 60.000 5400 Goods sent to branch 60 6.00 Sales 96,000 36.000 Purchases 78.000 Rent 2.400 Wages and salaries 4. S Current account 19.00 21.000 Sundry expenses 2.400 361 Stock adjustment 1.300 318.600 1.600 Accm Ho hoe The following additional information (1) Depreciation is to be provided Accra GH1.200 Ho hoe GH240 (ii) Closing stock valued at cost was: Accra GH9,000 Ho hoe GH360 However goods valued at GH1,200 were in transit from Acera to Hohoe (in) It is the policy of the enterprise to send goods to the branch at cost plus a profit loading of 33 %. Required: The statement of profit or loss of Kaba Ltd, showing separately that of Accra, Hohoe and the combined entity for the year ended 31" December 2017 and the statement of financial position for the combined entity as at 31 December 2017

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