-Quantity Discounts
-Trade discounts
-Cash discounts
sharon kalunda answered the question on February 23, 2019 at 09:43
- On 1 March, 2001, mingy traders had Ksh. 13,200 in cash and bank balances of Sh56, 000. Thefollowing transaction took place during the month.2001 2 Cash...(Solved)
On 1 March, 2001, mingy traders had Ksh. 13,200 in cash and bank balances of Sh56, 000.The
following transaction took place during the month.
2001 2 Cash sales sh. 12,000
12 paid a creditor sh. 8,200
27 received a cheque for sh. 4,500 from debtors
31 paid rent 7,500 in cash
Record the above information in a two column cash book and balance it off.
Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
- Record the following transaction in the affected accounts and balance them off on 10th January 2015. (10mks)
2015
January 1: Start business with furniture worth Sh.130,000
2: Bought...(Solved)
Record the following transaction in the affected accounts and balance them off on 10th January 2015. (10mks)
2015
January 1: Start business with furniture worth Sh.130,000
2: Bought goods for Sh.50,000 on credit from Nyamwea.
4: Sold stock of goods for Sh.40,000 cash
5: Opened a bank account and deposited Sh.20,000 from cash till.
6: Obtained a loan from K.I.E Sh.30,000 by cheque.
7: Paid Nyamwea Sh.30.000 by cheque.
8 : Withdraw cash Sh.60,000 from bank for office use.
Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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a.) Debtor
b)Creditors
c.) Goods
d.) Assets(Solved)
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a.) Debtor
b)Creditors
c.) Goods
d.) Assets
Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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(Solved)
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Prepare Makara traders balance sheet as at the end of January 2012
Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)