Financial Accounting


Jackson and Sons Trial Balance as at 30th November 2016Additional Information; You are given the following additional information a) Closing inventory is £85,000 b) Depreciation has not yet been provided Equipment 10% reducing balance Motor vehicles 15% straight line c) Rent includes a prepayment of £8,000 d) There is an accrual for telephones of £2,100 e) Heat and lighting has been prepaid by £1,000 f) Taxation accrual of £12,000 is to be provided for the year