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a) On 2nd Jan , the business sold goods on credit to Pendo amounting to shs. 50,000.
b) On 15th Jan, the business paid cash to creditors shs. 30,000.
c) On Jan 10, Huruma Ltd bought goods and paid by cheque shs. 20,000.
d) On Jan 20, Huruma Ltd bought Equipment worth Shs. 10,000 cash.
e) On Jan 22, the business paid debtors by cheque shs. 20,000.
sharon kalunda answered the question on September 2, 2019 at 06:32
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...(Solved)
The following balances were extracted from Mwangaza traders books of accounts.
Shs.
Opening stock 25,000
Closing stock 35,000
Purchases 190,000
Mark - up 20%
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ii) Gross profit
iii) Sales
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...(Solved)
The following balances relate to Maendeleo Electrical Enterprise as at 31st December, 2014.
Sh.
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Stock 190,000
Debtors 150,000
Motor vehicle 1,100,000
Cash- in- hand 150,000
Creditors 270,000
Bank overdraft 130,000
10 year bank loan 1,200,000
Capital 1,660,000
Drawings 750,000
Net profit 320,000
Required:
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month, the following transactions took place.
October, 2010:
2: Cash...(Solved)
On first October 2010, Makueni Traders had sh. 110,000 in hand and sh. 500,000 at bank. During the
month, the following transactions took place.
October, 2010:
2: Cash sales directly banked sh. 70,520
3: Bought stationery in cash sh. 9,000
4: Bought stock worth sh. 40,000 and the payment was done by the end of the next month in cash.
5: Paid Josh, a creditor sh. 188,000 by cheque in full settlement of his account after deductions 6% cash
discount
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Jan 2nd...(Solved)
On 1st January 2019 Caleb traders had shs.110,000 in hand and shs 50,000 (cr) at bank. During the month, the following transactions took place:
Jan 2nd Cash sales 40,000
3rd Paid postage expenses 4,100 in cash
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