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Question 1 Ina, Meena and Deeka have been in Partnership as manufactures for many years. Interest...
If a 1500 Question Ina, Meena and Deeka have been in partney las manufactures for many...
If a 1500 Question Ina, Meena and Deeka have been in partney las manufactures for many years. Interest len drawingo 10%pa - Teterbest in capital. u 20% p.a for the first six months and 25% for the remaining six month 2019. Ina receives a salary of $ 40ooper quarter and Deeka receive a monthly salary of RM 2,200 Profit is shared at Ao% for Ina 30% for Meena and 30% fir Deeka The following balance were produced for the year...
Questions Imą, Meena and Duka have been in pastniendo Interest drawingo i 10%pa - Testerdest on...
Questions Imą, Meena and Duka have been in pastniendo Interest drawingo i 10%pa - Testerdest on capital 24 20% pia for the first six months and 25% for the remaining six month 2019. Ana receives a and Deeka receives la claw of 5400opes quarter RM 2,200 Profit ſ shared at 40% for in a 130% for Meena and 30% for Deeka The following balance were produced for the year ended 31 Dec 2019 DEBIT CREDIT Inventory as at 1 Jan...
QUESTION ONE The following is the trial balance of . Higer on 30 September 2019. 5500...
QUESTION ONE The following is the trial balance of . Higer on 30 September 2019. 5500 2675 8345 41567 25467 945 2454 450 Freehold land and buildings Plant and machinery Inventory, 31 march 2019 Sales Purchases Carriage Wages Bad debts Provision for bad debts Receivables Payables Discounts Furniture Capital - 1. Higer General expenses Bank Rates Drawings - J. Higer 1350 10891 4908 1476 1647 384 19972 2676 3749 375 3715 69273 69273 The inventory at 30 September 2019 was...
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...
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...
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:...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo is a sole trader. On December 31, 2015 the following Trial Balance was extracted from his books: Trial Balance as at December 31, 2015 Details Premises DR CR Plant and Machinery 8,000,000 Office Furniture 6,500,000 Provision for Depreciation: Plant and Machinery 1,500,000 - Provision for Depreciation office furniture 3,500,000 Stock at 1.1.2015 1,000,000 600,000 Debtors 550,000 Creditors 270,000 Purchases 4,700,000 Carriage Inwards M 120,000...
The following analysis of the cash transactions for the year was gathered from the incomplete records...
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...
B) According to the conceptual framework of Accounting; the attributes that make the information provided in the...
B) According to the conceptual framework of
Accounting; the attributes that make the information provided in
the financial statements useful to the user are referred to as
'qualitative characteristics'. There are four of them. Briefly
define each one of them and use bullet points to expand on them.
(Essays are not required) (25 marks)
QUESTION ONE The following is the trial balance of . Higer on 30 September 2019. 5500 2675 8345 41567 25467 945 2454 450 Freehold land and buildings...
If a 1500 Question Ina, Meena and Deeka have been in partney las manufactures for many years. Interest len drawingo 10%pa - Teterbest in capital. u 20% p.a for the first six months and 25% for the remaining six month 2019. Ina receives a salary of $ 40ooper quarter and Deeka receive a monthly salary of RM 2,200 Profit is shared at Ao% for Ina 30% for Meena and 30% fir Deeka The following balance were produced for the year...
Questions Imą, Meena and Duka have been in pastniendo Interest drawingo i 10%pa - Testerdest on capital 24 20% pia for the first six months and 25% for the remaining six month 2019. Ana receives a and Deeka receives la claw of 5400opes quarter RM 2,200 Profit ſ shared at 40% for in a 130% for Meena and 30% for Deeka The following balance were produced for the year ended 31 Dec 2019 DEBIT CREDIT Inventory as at 1 Jan...
QUESTION ONE The following is the trial balance of . Higer on 30 September 2019. 5500 2675 8345 41567 25467 945 2454 450 Freehold land and buildings Plant and machinery Inventory, 31 march 2019 Sales Purchases Carriage Wages Bad debts Provision for bad debts Receivables Payables Discounts Furniture Capital - 1. Higer General expenses Bank Rates Drawings - J. Higer 1350 10891 4908 1476 1647 384 19972 2676 3749 375 3715 69273 69273 The inventory at 30 September 2019 was...
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...
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:...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo is a sole trader. On December 31, 2015 the following Trial Balance was extracted from his books: Trial Balance as at December 31, 2015 Details Premises DR CR Plant and Machinery 8,000,000 Office Furniture 6,500,000 Provision for Depreciation: Plant and Machinery 1,500,000 - Provision for Depreciation office furniture 3,500,000 Stock at 1.1.2015 1,000,000 600,000 Debtors 550,000 Creditors 270,000 Purchases 4,700,000 Carriage Inwards M 120,000...
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...
B) According to the conceptual framework of
Accounting; the attributes that make the information provided in
the financial statements useful to the user are referred to as
'qualitative characteristics'. There are four of them. Briefly
define each one of them and use bullet points to expand on them.
(Essays are not required) (25 marks)
QUESTION ONE The following is the trial balance of . Higer on 30 September 2019. 5500 2675 8345 41567 25467 945 2454 450 Freehold land and buildings...
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