Question1The following trial balance is extracted from the computerized record keeping system of ABC plc. As at 31 December 2009. Authorized share capital: 4,000,000 1 ordinary shares, and 1,000,000 2 preferece shares.DRCRPurchases and sales7,000,00014,000,000Trade debtors and trade creditors5,000,0003,000,000Cash and bank2,000,000Stock at Jan. 1 20092,000,000Land and building(NBV as at 31/12/08)9,000,000Fixture and fittings(NBV as at 31/12/08)50
