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From the following statements which give the cumulative effects of indrvidual 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. I Transaction A B C D E F G H I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 188 110 110 110 110 110 110 110 93 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77 Cash 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Capital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 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 lt saves constantly witing out 000 after each fìgure, and is done to save time and make comparIson casiei

From the following statements which give the cumulative effects of indrvidual 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. I Transaction A B C D E F G H I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 188 110 110 110 110 110 110 110 93 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77 Cash 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Capital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 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 lt saves constantly witing out 000 after each fìgure, and is done to save time and make comparIson casiei

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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, wTite 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 В C D F I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 110 110 110 110 110 110 110 93 188 188 188 188 188 108 108 108 108 120 Bank Cash 27 22 22 172 47 127 427 77 77 77 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Сapital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 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 ae in thousands of Rupees, e.g. Office Equipment book value is RS48,000 It saves constantly witing out 000 after each figure, and is done to save time and make comparison easie
Transcribed Image Text: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, wTite 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 В C D F I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 110 110 110 110 110 110 110 93 188 188 188 188 188 108 108 108 108 120 Bank Cash 27 22 22 172 47 127 427 77 77 77 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Сapital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 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 ae in thousands of Rupees, e.g. Office Equipment book value is RS48,000 It saves constantly witing out 000 after each figure, and is done to save time and make comparison easie
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