Write a two-column cash book from the following detail and balance off as at the end of the month.(Solved)
Write a two-column cash book from the following detail and balance off as at the end of the month.
2009
Oct 1: Started business with capital in cash Sh. 1,000,000
Oct 2: Paid rent by cash Sh. 100,000
Oct 3: Loan from Mary- Sh. 500,000, paid by cheque.
Oct 4: Paid B. Peter by cheque Sh. 65,000
Oct 5: Cash sales made Sh. 98,000
Oct 7: Mitter, owe of debtor paid by cash Sh.62, 000
Oct 9: Paid Den (creditor) in cash 22,000
Oct 11: Cash sales paid direct into the bank Sh. 53,000
Oct 15: George (creditor) paid as by cheque Sh. 65,000
Oct 16: Repaid Mary by cheque Sh.100, 000
Oct 19: Took Sh.50, 000 out of the cash till and paid it into the bank accounts.
Oct 22: Paid motor expenses by cheque Sh. 12,000
Oct 26: Withdrew Sh. 100,000 cash from the bank for business use.
Oct 31: Paid wages in cash Sh. 97,000.
Date posted: February 27, 2019. Answers (1)
The following is a trial balance of ABC Ltd.(Solved)
The following is a trial balance of ABC Ltd.
Required:
Draw up a statement of comprehensive income for the year ended 31st Dec. 2009 and statement of financial position as at 31/12/2009.
Date posted: February 27, 2019. Answers (1)
Differentiate between:
1. An asset account and liability account
2. An expense account and revenue account
3. A trial balance and a balance sheet(Solved)
Differentiate between:
1. An asset account and liability account
2. An expense account and revenue account
3. A trial balance and a balance sheet
Date posted: February 27, 2019. Answers (1)
Differentiate between Return inwards and return outwards(Solved)
Differentiate between Return inwards and return outwards
Date posted: February 27, 2019. Answers (1)
Differentiate between A debit entry and credit entry(Solved)
Differentiate between A debit entry and credit entry
Date posted: February 27, 2019. Answers (1)