Question: B. Letitslide is in business but does not keep proper books of account. In order to prepare his Trading and Profit & Loss Account for the Year ended 31st December, 1960 you are given the following information:
![1144_Stock 1.png](https://secure.tutorsglobe.com/CMSImages/1144_Stock 1.png)
In addition, you are able to prepare the following summary accounts for the year
![1102_Stock 2.png](https://secure.tutorsglobe.com/CMSImages/1102_Stock 2.png)
In considering the debtors, Mr. Letitslide suggests that there is no hope of receiving an amount of £30 from one customer. There are other doubtful debts and a provision is to be made of 5 % of the debtors. Allowing depreciation on the Delivery Van of 20 % per annum, prepare the accounts as requested and a Balance Sheet as at 31st December, 1960.