F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

F Write any ten transactions relating to the business: 1 July on 2020 (The Owner Put Cash in to the business OMR 34500 10 July on 2020 (Bought Computer by Cash OMR 100} 11 July on 2020 (Bought goods by cash OMR 1000} 14 July on 2020 (Sold goods by cash by OMR 3000} 18 July on 2020 {Paid electricity by Cash OMR 400} 20 July on 2020 {Paid Salary by Cash OMR 1000} 21 July on 2020 {collected receivables from Customer 300} 23 July on 2020 {1000 riyals for his phone card use cash 600) 27 July on 2020 (The rent for the building in the amount of OMR 800 cash} 31 July on 2020 (from the bank for 900 Oman rails}

Name: bloilF Write any ten transactions relating to the business1July on 20
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: bloilF Write any ten transactions relating to the business1July on 2020 (The Owner Put Cash in to the business OMR 3450010 July on 2020 (Bought Computer by Cash OMR 100}11 July on 2020 (Bought goods by cash OMR 1000)14 July on 2020 {Sold goods by ca

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Net Income? Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor expenses Rent Insurance General expenses Premises Motor vehicles Account receivables Account payable Cash at bank Cash in hand Drawings Capital TOTAL Debit (RM) Credit (RM) 190,576 119,832 56,527 2,416 1,894 372 85 95,420 16,594 26,740 16,519 342 8,425 345.166 16,524 138,066 345.166
QC 36.
Please help me to solve this question
QUESTION FOUR The following information relate to Asaawa Enterprise for the month of October 2021. Transactions 1. started business with Cash at bank of 2. bought stationary by cheque GHc 45 3. bought goods on credit from Sams Ltd GHc 1200 sold goods for cash GHc 200 4. 5. paid insurance by cash GHc 42 6. bought machinery on credit from KK ltd GHc 600 7. paid for machinery expenses by cheque GHc 70 8. returned goods to Sams ltd GHc 120 9. paid wages by cash GHc 100 10. paid rent by cheque GHc 150 GHc 25,000 a) journalize the above transactions b) post to the ledger accounts c) prepare a trial balance
QUESTION 1 a) You are the accounts executive for BFC Enterprise. You are responsible to prepare the monthly receivables and payables control accounts for the business. Following are balances from the company’s record at 1 February 2020. Dr RM Cr RM Debtor ledger control account 54,000 1,000 Creditor ledger control account 200 43,000 The following information is extracted in February 2020 from the company’s records: RM Credit sales 251,000 Cash sales 34,000 Credit purchases…
Question Completion Moving to another question will save this response. Question 6 AMA Company's bank statement for 31st December 2021 showed a cash balance of $2750. The company's Cash account in its general ledger showed a $2000 debit balance. The following information was also available as of December 31st a. A $900 NSF check from a customer, J. Steel is shown on the bank statement but not yet recorded by the company. b. The December 31st cash receipts, $3,250, were placed in the bank's night depository after banking hours and this amount did not appear on the December 31st bank statement. c. A $59 debit memorandum for checks Book deducted by the bank. d. Outstanding checks amounted to $2,339. e. A customer's note for $2,790 was collected by the bank. A collection fee of $20 was deducted by the bank and the difference was deposited in the account. f. The bank erroneously deducts a check for $150 by mistake. Required: Prepare a bank reconciliation as of December 31st format: W
Make a transaction for each of the following general journal. Bank 10000 Cash 10000 Account Payable 50000 Motor Vehicle 50000 Account Payable 30000 Purchase Return 30000 Cash 25000 Sales Discount 10000 Sales 35000 Account Payable 45000 Purchase Discount 9000 Cash 36000
Question : 2021 Jan. 1 Rs.200,000 Amir started business with capital of 6. Goods purchased from Rehman on credit for Rs.70,000 9 Cash sales to Farooq Rs.10,000 13 Machinery purchased Rs.67,000 25 Rent to Waris Rs.1000 for building in which business 66 situated. а) Make analysis of above transaction with debit and credit? b) Record the above transaction in Journal chronologically? c) Prepare the T-accounts of Journal (Question 2) and draw the Trial Balances?
15.6A The following information relates to A. Trader's business: Assets and liabilities at 1 January 2019 31 December 2019 £ Fixtures 18,000 4,800 24,000 8,000 16,200 5,800 28,000 11,000 Accounts receivable Inventory Accounts payable Cash 760 240 Balance at bank Loan from B. Burton 15,600 6,000 4,600 2,000 16,000 Motor vehicle During the year, Trader had sold some of his personal investments for £4,000 which he paid into the business bank account, and he had drawn out £200 weekly for private use.
The Maurer Company has a long-term debt ratio of .30 and a current ratio of 1.10. Current liabilities are $970, sales are $5,190, profit margin is 9.90 percent, and ROE is 17.60 percent. What is the amount of the firm's net fixed assets
Question 2 Simone Gabby owns and operates Simone's Shoes, a small business that prepares reports on a monthly basis. The Cash Journals for August 2019 appear as follows. Cash Receipts Journal (summary) Disc. Accounts Date Details Rec. Bank Sales Sundries GST Еxp. Receivable 31/08 Totals 13 783 154 7 700 5 670 567 Cash Payments Journal (summary) Disc. Асcounts Date Details Chq. Bank Inventory Wages Sundries GST Rev. Payable 31/08 Totals 18 030 44 2 200 3 000 2 730 9 547 597 The items in the Sundries column include: Advertising $540 Drawings $5 000 Freight Inwards $440 Freight Outwards $190 GST Settlement $927 Interest Expense $150 Loan – ANZ Bank $500 Rent $1 800 a. Prepare the Net Cash Flow from Operations extract from the Cash Flow Statement for the month ending 31 August 2019. b. Explain how Simone’s Shoes’ Income Statement for the month ended 31 August 2019 reported a Net Profit yet the Cash Flow Statement reported a Net Decrease in Cash for the same period.