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The following balances were extracted from the books of Amani enterprises as at 30 June 2022
| | Kshs 000 | Kshs 000 |
| Sales | - | 15 620 |
| Purchases | 10 400 | - |
| Stock | 4 140 | - |
| Motor vehicle | 16 400 | - |
| Provision for depreciation Debtors Creditors | - 12 300 - | 7 900 15 600 |
| Cash at bank | 3 215 | - |
| Motor vehicle expense | 620 | - |
| Rent and rates | 1 160 | - |
| Insurance | 185 | - |
| Electricity | 120 | - |
| Postage and telephone | 250 | - |
| Drawings | 4 100 | - |
| General expenses | 270 | - |
| Capital | - | 14 040 |
| | 53 160 | 53 160 |
| Additional information (amounts in Kshs 000) | ksh "000" | |
| Closing stock | 7 350 | |
| Depreciation for the year | 1 200 | |
| Expenses to be accrued Electricity | 45 | |
| Postage and telephone | 65 | |
| General expenses | 24 | |
| Prepaid expenses Rent and rates | 240 | |
| Insurance | 45 | |
Required
A Statement of Incomes for the period ended 30 June 2022
A Statement of Financial Position as at 30 June 2022
For 10%
Answer & Explanation
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