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Using the details below, provide interest on loan on mortgage 8% p.a. for 6 months. Then present a statement of Financial Position as at 31st March 2022.

Assignment 2: Financial Statement On 31st March, 2022 the following Trial Balance was extracted from the books of Mr. Ben. Debit Balances Rs Credit Balances Rs. Sundry Debtors 20,100 Capital 28,000 Drawings   3,000 Loan on Mortgage   9,500 Bills receivables   6,882 Rent received   250 Interest on Loan 300 Bill Payable 2,614 Cash […]

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