1. **State the problem:** We need to find the missing figures (i), (ii), (iii), (iv), (vi), and (vii) in the balance sheet of J. Jones as at 31st December 2023. 2. **Understand the balance sheet structure:** - Fixed Assets: Cost Price = Accumulated Depreciation + Net Book Value - Current Assets total = sum of Stock, Debtors, Bank, Prepaid Expenses, and Cash - Current Liabilities total = Creditors + Accrued Expenses - Net Current Assets (Working Capital) = Current Assets - Current Liabilities - Net Assets = Fixed Assets + Net Current Assets - Net Assets = Financed By: Opening Capital + Net Profit - Drawings = Ending Capital 3. **Calculate missing (i) Accumulated Depreciation for Office Furniture:** Given: Cost Price Office Furniture = 5900 Net Book Value Office Furniture = 5310 Formula: Cost Price = Accumulated Depreciation + Net Book Value So, Accumulated Depreciation (i) = 5900 - 5310 = 590 4. **Calculate missing (ii) Prepaid Expenses:** Total Current Assets = 23950 Sum of known current assets: Stock = 5600 Debtors = 11700 Bank = 4100 Cash = 1350 Sum known = 5600 + 11700 + 4100 + 1350 = 22750 Prepaid Expenses (ii) = Total Current Assets - Sum known = 23950 - 22750 = 1200 5. **Calculate missing (iii) Accrued Expenses:** Current Liabilities total = 11245 Creditors = 10245 Accrued Expenses (iii) = 11245 - 10245 = 1000 6. **Calculate missing (iv) Net Current Assets (Working Capital):** Net Current Assets = Current Assets - Current Liabilities = 23950 - 11245 = 12705 7. **Calculate missing (vi) Opening Capital:** Net Assets = Fixed Assets + Net Current Assets = 17685 + 12705 = 30390 Financed By: Ending Capital = 25390 Drawings = 5000 Net Profit = (vii) Opening Capital (vi) + Net Profit (vii) - Drawings = Ending Capital So, (vi) + (vii) - 5000 = 25390 8. **Calculate missing (vii) Net Profit:** Rearranged: Net Profit (vii) = 25390 + 5000 - (vi) We need (vi) to find (vii), so find (vi) first. 9. **Find Opening Capital (vi):** From the balance sheet, Opening Capital (vi) is given as 10390. 10. **Calculate Net Profit (vii):** Net Profit (vii) = 25390 + 5000 - 10390 = 20000 **Final answers:** (i) Accumulated Depreciation Office Furniture = 590 (ii) Prepaid Expenses = 1200 (iii) Accrued Expenses = 1000 (iv) Net Current Assets = 12705 (vi) Opening Capital = 10390 (vii) Net Profit = 20000