Homework Answers
As you also understand its
difficult to type and send this answer, therefore i am sending my
handwritten answer
Add Answer to:
partnership and share profits and losses in the proportion of three-fifth and two-fifth The following is...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000 Sales 96,170 Purchases 68,250 Loans 60,000 Carriage 600 Discount 850 Wages 12,000 Commission 680 Power 1,800 Sundry creditors 6,000 Furniture & fixtures 4.000 Capital 30,000 Investments 250 6,000 Provision for Depreciation Freehold premises 15,000 Traveling expenses 900 Debtors 1,000 Interest 400 Bill receivable 1,800 Tools 7,000 Plant & machinery 30,000 Bad debts 200 Drawings 3,000...
Bush, Home and Wilson are in partnership sharing profits & Losses in the ratio of 4.1.3...
Bush, Home and Wilson are in partnership sharing profits & Losses in the ratio of 4.1.3 respectively. Their trail balance as at April 30 20X4 was as follows DR CR Sales 334,618 Returns inwards 10,200 Purchases 196,239 Carriage inwards 3,100 Stock at May 1 20X3 68,127 Discounts allowed 190 Salaries & wages 54,117 Bad debts 1,620 Provision for bad debts; April 30, 20X3 950 General expenses 1,017 Business rates 2,900 Electricity 845 Computers at cost 8,400 Equipment at cost 5,700...
The 22. End-of-year financial statements of a partnership Geeta, Henry and Irvin are in partnership sharing...
The 22. End-of-year financial statements of a partnership Geeta, Henry and Irvin are in partnership sharing profits and losse Geeta 20% Henry 40%, Irvin 40%. The following trial balance was extracted from the business's books of account on 31 August 2018 the last day of the partnership's financial year. Trial balance at 31 August 2018 Dr I Cr S000 SOC Accounts payable Accounts receivable Bank overdraft Capital accounts: Geeta Henry Irvin Current accounts: Geeta Henry Irvin Discounts Drawings: Geeta Henry...
i attached all pic of this question please solution this step by step Q2. Manufacturing partnership...
i attached all pic of this question please solution
this step by step
Q2. Manufacturing partnership business. Chacha and Mushi are in partnership sharing profits and losses equally. They are manufacturer of shoes whose brand name is "DAWO". The trial balance as at 31 December 2004 was as follows: Sh.'000 Sh.'000 Capital accounts: Chacha 4000 Mushi 4000 500 100 200 300 Current accounts: Chacha Mushi Drawings: Chacha Mushi Stock (1 January 2004) Raw materials Work in progress Finished goods Factory...
Draft a balance sheet for the partnership
Alan, Bob and Charles are in partnership sharing profits and losses in the ratio 3:2:1 respectively. The balance sheet for the partnership as at 30 June 20X6 is as follows:Charles decides to retire from the business on 30 June 20X6, and Don is admitted as a partner on
that date. The following matters are agreed: (a) Certain assets were revalued: Premises £120,000; Plant £35,000; Stock £54,179. (b) Provision is to be made for doubtful debts in the sum of £3,000. (c) Goodwill is...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant: Trial Balance Details/Accounts Dr $ Cr $ Purchases of direct raw materials 24,200,000 Stock of direct raw materials 1 January 2018 5,500,000 Wages paid to manufacture goods 12,000,000 Insurance 2,000,000 Electricity 1,450,000 Cash at bank 28,000,000 Accounts payable 3,500,000 Discounts 450,000 500,000 Return of direct raw materials 200,000 Cash in hand 600,000 Work-in-progress...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant: Trial Balance Details/Accounts Dr $ Cr $ Purchases of direct raw materials 24,200,000 Stock of direct raw materials 1 January 2018 5,500,000 Wages paid to manufacture goods 12,000,000 Insurance 2,000,000 Electricity 1,450,000 Cash at bank 28,000,000 Accounts payable 3,500,000 Discounts 450,000 500,000 Return of direct raw materials 200,000 Cash in hand 600,000 Work-in-progress...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000 Sales 96,170 Purchases 68,250 Loans 60,000 Carriage 600 Discount 850 Wages 12,000 Commission 680 Power 1,800 Sundry creditors 6,000 Furniture & fixtures 4.000 Capital 30,000 Investments 250 6,000 Provision for Depreciation Freehold premises 15,000 Traveling expenses 900 Debtors 1,000 Interest 400 Bill receivable 1,800 Tools 7,000 Plant & machinery 30,000 Bad debts 200 Drawings 3,000...
The 22. End-of-year financial statements of a partnership Geeta, Henry and Irvin are in partnership sharing profits and losse Geeta 20% Henry 40%, Irvin 40%. The following trial balance was extracted from the business's books of account on 31 August 2018 the last day of the partnership's financial year. Trial balance at 31 August 2018 Dr I Cr S000 SOC Accounts payable Accounts receivable Bank overdraft Capital accounts: Geeta Henry Irvin Current accounts: Geeta Henry Irvin Discounts Drawings: Geeta Henry...
i attached all pic of this question please solution
this step by step
Q2. Manufacturing partnership business. Chacha and Mushi are in partnership sharing profits and losses equally. They are manufacturer of shoes whose brand name is "DAWO". The trial balance as at 31 December 2004 was as follows: Sh.'000 Sh.'000 Capital accounts: Chacha 4000 Mushi 4000 500 100 200 300 Current accounts: Chacha Mushi Drawings: Chacha Mushi Stock (1 January 2004) Raw materials Work in progress Finished goods Factory...
NewCat Ltd, a manufacturer and retailer for pet products, commenced operations on 1 July, 2018 by issuing 100 000 $2.00 shares, payable in full on application. There were no share issue costs For the year ending 30 June 2019, the company recorded the following aggregate transactions S'000 4 265 1 800 723 285 130 95 212 210 120 Accounts les Cost of sales Other income Administration charges Selling and distribution expenses Employee entitlement expenses - (selling) Wages and salaries -...
Most questions answered within 3 hours.
-
AVX Home Entertainment, Inc., recently began a “no-hassles”
return policy. A sample of 505 customers who...
asked 1 minute from now -
in
a certain experiment 5.280 g of hydrochloric acid (HCl) reacts with
excess calcium carbonate (CaCO3)....
asked 8 minutes ago -
You see a game at a local fair. You have to throw a dart at a...
asked 5 minutes ago -
Cadmium is a metal that is soft and bluish-white in color.
Cadmium was used for a...
asked 8 minutes ago -
Suppose that a competitive firm’s MC = 3 + 2q, AVC = 3 + q, and...
asked 12 minutes ago -
When I invoke the forward or backward method the current_number
isnt being changed. Not sure if...
asked 13 minutes ago -
At the Pinelands University Medical Center, clinics trials were
performed with a medical treatment intended to...
asked 26 minutes ago -
Question 1.
XOR
Challenge 1: The key is a single digit
Decrypt the cipher =
snw{fzs...
asked 32 minutes ago -
Propose the importance of the financial account (from the BOP)
to economic indicators.?
asked 28 minutes ago -
Please submit the following files for this
assignment:
**************************Animal.h, Animal.cpp,
Mammal.h, Mammal.cpp, Cat.h, Cat.cpp,
main.cpp********************************************************
Assignment...
asked 29 minutes ago -
Multidimensional arrays can be stored in row major order or in
column major order. The access...
asked 31 minutes ago -
A study is conducted
to determine the simple linear regression relation (if any) between
average temperature...
asked 50 minutes ago