Calculate adjusted expenses and depreciation for the Profit and Loss Account.

Step 1: Calculate adjusted expenses and depreciation for the Profit and Loss Account.

• Business rates: $$\text{Business rates expense} = \text{Trial balance amount} + \text{Accrued amount} \\ = \pounds14,800 + \pounds1,700 = \pounds16,500$$
• Office expenses: $$\text{Office expenses} = \text{Trial balance amount} + \text{Accrued amount} \\ = \pounds9,100 + \pounds245 = \pounds9,345$$
• Depreciation - Buildings: $$$$