Question

The following analysis of the cash transactions for the year was gathered from the incomplete records of N. Carroll, a merchant: Receipts: Received from Sundry debtors Additional investment of capital 300 000 45 000 Payments: Payments to Sundry creditors General expenses Wages Drawings 185 000 50 000 77 500 95 000 1 Jan. 31 Dec. Balances: Bank overdraft Debtors Creditors Stock Plant and machinery Furniture and fittings. 37 000 265 000 75 000 85 000 100 000 7 000 440 000 97 500 95 000 100 000 7 000 Additional information: Provision must be made for: 1. Depreciation:

Answer 1

To belma To sales Sunding Delstors are 1 2658ro: By Bank 1488250 Bly bad debt Cy bu g 300 cio 13250 uno con Po Bable row credonors al 18500 By bal old By perchare 207520 Po balca 9 Plante machinergau 1000w By Dep 100W To balba To Bank 10000 By balcea 1oooo Porniture are To bal ha To Bank toco Rey Dep 350 2 съ By bal Bagel Foco Scanned with CamScanner

To Debtors To capital Bank are 300 as By creditor usao By Plant & math furniture 10 Tooco 350 bated logg, 650

Income statement for the year ended 2000 Amount 85000 By sales 207520 By closing stock Amornt 488250 grao To opn stock To purchones To wages To Grosspapir 520 213250 583250 583250 soud By Gross profit bd 213250 loco Po general exp To dep on Plant To Dep on furniture To Bad debts To Nerprofit 380 18250 139650) 213250 213250 CS Scanned with CamScanner

Armount 100 000 uhuco Balance Sheet As on 31/12/2000 (pabilities Amount Assets - Plant & math Debtors creditors stock furniture capital Burro Add Adda. lisuo Addy Netprofit 189650 lets: Drawings asuo 434650 gosco مگو Foco Bank 199658 liabilities AnnT Balance sheet in As on 110/2000 Amount L abels Plant 3tao Forniture fshu stock Debtors 34sao Amount 100 Oca poco Bane od Creditors 26500 capital Bal-figures Scanned with CamScanner