-Source document -Book of original entry
-Invoice - Purchases returns journal
-Invoice -Purchases journal
Kavungya answered the question on September 25, 2019 at 08:19
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Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000,...(Solved)
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Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000, call at bank sh 120,000, cash in hand sh 40,000 loan from HFCK sh 100,000 and capital sh 260,000.
During the month of April 2005 the following transactions took place
April 1 – sold goods worth sh 2100 cash
2 – Paid creditors sh 8000 cash
10 – Received sh 2000 from debtors cash.
15 – Bought a motor van sh 350,000 paying by cheque.
Prepare a balance sheet as at 15th April 2005
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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as at 31st December 2004.
Stock 1st January 2004 ...(Solved)
Juma Munyacia sells all his goods at 25% above cost. His books gave the following information
as at 31st December 2004.
Stock 1st January 2004 98,720
Stock 31st December 2004 126,000
Sales for the year 600,000
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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The following information relates to Rokito traders for the year ended 31st December 2011.
Fixed Assets 5,000,000
Current assets 650,000
Net Profit 300,000
Current Liabilities 650,000
Sales 2,000,000
Closing stock 100,000
Opening Stock 200,000
Gross Profit Margin was 20%
Calculate
(a)Current ratio
(b)Gross profit mark-up
(c)Rate of stock turnover
(d)Capital employed
Date posted: September 25, 2019. Answers (1)
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Outline four circumstances under which the above document may be issued.(Solved)
The document shown was issued by Jimcar traders to Mueni
Outline four circumstances under which the above document may be issued.
Date posted: September 25, 2019. Answers (1)
- Write the following abbreviations in full.
(i)G.D.P
(ii)N.N.P
(iii)G.N.P
(iv)D.P.I(Solved)
Write the following abbreviations in full.
(i)G.D.P
(ii)N.N.P
(iii)G.N.P
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Date posted: September 25, 2019. Answers (1)
- State the books of original entries in which the following documents are used.
(a)Incoming Invoice
(b)Incoming Receipt
(c)Outgoing Credit Note
(d)Outgoing Invoice(Solved)
State the books of original entries in which the following documents are used.
(a)Incoming Invoice
(b)Incoming Receipt
(c)Outgoing Credit Note
(d)Outgoing Invoice
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)