📘 financial accounting

1. Problem statement. The company has Sales revenue of 120000, Cost of goods sold of 70000, Operating expenses of 20000, Depreciation of 5000, Interest expense of 2000, and a tax r

1. **Stating the problem:** KK Ltd. has a bank statement credit balance of Sh.9,290,000 for October 2015. The cash book balance at the same date is higher by Sh.4,530,000.