2009 2008 Details Kshs Kshs Debtors 105,000 85,000 Stock 35,000 45,000 Creditors 63,000 40,000 Provision for taxation 25,000 20,000 Proposed dividend 30,000 30,000 Bank overdraft
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The following balances are extracted from the books of XYZ Ltd at the end of May 2008 and 2009.
2009 2008
Details Kshs Kshs
Debtors 105,000 85,000
Stock 35,000 45,000
Creditors 63,000 40,000
Provision for
Proposed dividend 30,000 30,000
Bank overdraft 17,000 25,000
Sales 1,200,000 1,200,000
Purchases 1,000,000 1,000,000
Required
(a) Calculate
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