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- Opening journal entries
- Purchasing of fixed asset on credit
- Sale of fixed assets on credit
- Correction of errors.
- Closing entries.
- Changes in the value of assets, liability and capital.
- Year end adjustments.
sharon kalunda answered the question on September 3, 2019 at 08:56
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Date posted: September 3, 2019. Answers (1)
- The trial balances shown below was extracted from the ledger accounts of Maendeleo Traders as at 31st Dec 2015.
Stock on 31st Dec. 2015 was sh....(Solved)
The trial balances shown below was extracted from the ledger accounts of Maendeleo Traders as at 31st Dec 2015.
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Required:
Prepare Maendeleo Traders trading, Profit and Loss account for the period ended 31st Dec.2015.
Date posted: September 3, 2019. Answers (1)
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The following balances were extracted from the books of mathioya- kangema traders on 1st Jan 2015
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Building ..............................300,000
Machinery ............................250,000
Debtors ...............................100,000
Creditors.............................. 200,000
Bank................................... 280,000
Stock ...................................190,000
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i) Sold goods for Shs. 160,000 receiving sh. 100,000 through a cheque and balance was to be settled the following year.
ii) Sold machinery worth sh.150,000 for sh. 100,000 and payment was made through the bank
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 3, 2019. Answers (1)
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Date posted: September 2, 2019. Answers (1)
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Date posted: September 2, 2019. Answers (1)
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Closing stock was valued at shs. 55,000 while...(Solved)
The following trial balance was extracted from the Books of Nandi Hills Enterprises for the year ended 31/12/2014.
Closing stock was valued at shs. 55,000 while depreciation on motor vehicles was shs. 15,000.
Required:
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Date posted: September 2, 2019. Answers (1)