From the following statements which give the cumulative effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. That is, write descriptions similar to those given in questions The first column of data gives the opening position. Each of the other columns represents a transaction. It is these transactions (A–I) that you are to describe. Transaction: A B C D E F G H I Assets RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Land and buildings 450 450 450 450 575 575 275 275 275 275 Motor vehicles 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock 110 110 110 110 110 110 110 110 110 93 Debtors 188 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77 Cash 15 15 11 11 11 11 11 11 3 3 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Capital 621 621 621 621 621 621 621 621 621 616 Loan from Lee 200 200 200 350 350 350 350 – – – Creditors 112 112 108 108 108 108 108 108 100 100 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Note: the sign RS000 means that all the figures shown underneath it are in thousands of Rupees, e.g. Office Equipment book value is RS48,000. It saves constantly writing out 000 after each figure, and is done to save time and make comparison easier
From the following statements which give the cumulative effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. That is, write descriptions similar to those given in questions
The first column of data gives the opening position. Each of the other columns represents a transaction. It is these transactions (A–I) that you are to describe.
Transaction: A B C D E F G H I
Assets RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Land and buildings 450 450 450 450 575 575 275 275 275 275 Motor vehicles 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock 110 110 110 110 110 110 110 110 110 93 Debtors 188 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77
Cash 15 15 11 11 11 11 11 11 3 3
933 933 929 1,079 1,079 1,079 1,079 729 721 716
Liabilities
Capital 621 621 621 621 621 621 621 621 621 616 Loan from Lee 200 200 200 350 350 350 350 – – – Creditors 112 112 108 108 108 108 108 108 100 100
933 933 929 1,079 1,079 1,079 1,079 729 721 716
Note: the sign RS000 means that all the figures shown underneath it are in thousands of Rupees, e.g. Office Equipment book value is RS48,000. It saves constantly writing out 000 after each figure, and is done to save time and make comparison easier.
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