Question: X opened a branch at Lahore on 1/7/2020. Goods are sent from the Head Office at cost plus 33 2%. The branch is advices to deposit cash every day in the bank in Head Office. Petty cash at branch is maintained on impress system. Cash sent to branch for expenses:500, furniture purchased for branch 10000, goods sent to branch at invoice price:100000, Expenses paid by the Head Office 4600, Cash sales by branch 25000. Received debtors.:16000, Discount allowed 300, Bad debts 100, Return by debtors : 800, Petty expenses paid by branch :600, Stock at cost 31/12/2020 18000 (excluding stock received from Debtors). Depreciation on furniture@10% p.a. From the following particulars prepare Branch account in the books of Head Office for the period ending 31/12/2020

Question: X opened a branch at Lahore on 1/7/2020. Goods are sent from the Head Office at cost plus 33 2%. The branch is advices to deposit cash every day in the bank in Head Office. Petty cash at branch is maintained on impress system. Cash sent to branch for expenses:500, furniture purchased for branch 10000, goods sent to branch at invoice price:100000, Expenses paid by the Head Office 4600, Cash sales by branch 25000. Received debtors.:16000, Discount allowed 300, Bad debts 100, Return by debtors : 800, Petty expenses paid by branch :600, Stock at cost 31/12/2020 18000 (excluding stock received from Debtors). Depreciation on furniture@10% p.a. From the following particulars prepare Branch account in the books of Head Office for the period ending 31/12/2020

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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X opened a branch at Lahore on 1/7/2020. Goods are sent from the Head Office at cost plus 33 ½%. The branch is advices to deposit cash every day in the bank in Head Office.. Petty cash at branch is maintained on impress system. Cash sent to branch for expenses:500, furniture purchased for branch 10000, goods sent to branch at invoice price:100000, Expenses paid by the Head Office 4600, Cash sales by branch 25000. Received debtors.:16000, Discount allowed 300, Bad debts 100, Return by debtors : 800, Petty expenses paid by branch :600, Stock at cost 31/12/2020 18000 (excluding stock received from Debtors). Depreciation on furniture@10% p.a. From the following particulars prepare Branch account in the books of Head Office for the period ending 31/12/2020
Suraya Enterprise has a current Bank Kasih Berhad account with Bank Kasih Berhad. Below Bank Statement are the transactions of cash book and Date Details Debit Credit Balance 2021 RM RM RM April bank statement for the month of April Opening balance Cheque - 123123 Deposit Cheque-123125 Cheque-123126 4.550 2021: 850 7,700 2,500 10,200 10 450 9,750 16 500 9,250 Cash Bouk (Bank Column Only) 18 Credit transfer 300 550 Particular Cheque No. Date RM Date Particular Cheque No. RM 9.250 8350 20 Cheque-123127 300 2021 2021 25 Cheque-123128 900 April 1 Balance b/d 3 Hake Trading 8,550 April 2 Prchases 6 Izzat Trading 123123 850 28 Bark charges 80 4.20 2,500 30 Closing balance 123124 500 8,270 12 Joyne 556679 1,660 10 Mamat 123125 450 15 Suhaimi 123126 500 18 Purchases 123127 300 25 Rental 28 Salary 18 Sales 799 123128 960 Additonal Informaton: 123129 2,200 29 Zulaika 1 On 15 April 2021, the accourtant derk wrongly recorded the cheque no. 123126 paid 123130 110 30 Balance c/d 8,639 to Suhaimi for…
The cash account of Ria on December 31,2021 has an balance of P151,000 and it consists of the following:Bills and coins on hand P52,780Traveler’s check 22,400Credit memo from supplier’s for purchase returns 6,500Postage stamps 120Petty cash including paid cash vouchers of P1,650 2,000Balance in Savings Account with a bank closed by the BSP 36,000Customer’s check dated January 15,2022 8,000Money Order 800IOU of an employee 400CA Balance in BPI 22,000Total…
MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWINGTRANSACTIONS 4) Bank Credit Memorandum states that , 95.000 TL issued check iscollected from the Bank. 5) 24 month rent contract, Starting 1st April 2020 is signed for384.000 TL. Prepayment is made by half check and half note issued, 6) 25.000 USD is paid ( cash ) by the customer for USD Merchandise sale .Rate is 7.15 TL/USD.
Date Particulars Jan 1, 2020 Abdul commenced his business with Cash = OMR 35000 2 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for 4 5 the goods purchased on credit He receive cheque from Hakkim 6 OMR 970 and allow him discount OMR 30 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 11 He purchased a motor car by cheque = OMR 7500 12 He purchased goods by cash = OMR. 2500 13 He withdraws from bank for office use = OMR. 750 Commission received = OMR 100 |Purchased furniture by Cheque for OMR 450 16 18 20 Withdraw from bank for personal use OMR 600 27 Sold goods to Mr. Haji for OMR 400 28 Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank 30 Motor car repair expenses OMR 120 Required: Prepare triple column cash book with Discount, Cash and Bank Column
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2 POINTS Problem: Cash Over (Short) JWU Bookstore has one cash register. On a recent day, the cash register tape reported sales in the amount of $453.70. Actual cash in the register (after deducting the $20 starting balance) was 450.70, which was deposited in the Company's bank account. Prepare a journal entry to record these cash collections. Account Name Debit Credit
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At November 30, Mazaya Company has the following bank information: cash balance per book R 04,600; outstanding checks R.O 28o; deposits in transit R.O 550, credit memo for interest R.O10, bank service charge RO.20 What is Mazaya's adjusted cash balance on November 30? Select one: a. RO4.590 b. R.O.4.320 CRO4.870 d. RO.4.870
On 1 September 2018, Desa Utara established a petty cash fund of RM900. At the end of the month the petty cash fund appeared as follows: Cash RM70.00 Petty cash vouchers Freight-in RM525.00 190.00 Postage Office Supplies 85.00 REQUIRED: (a) Compute the amount of fund to be replenished.
Examus I cdn.student.uae.examus.net/?rldbgn=1&sessi... ACCT101_FEX_2021_2_Male AXYZ Co. maintains a petty cash fund of 400. What amount 17 - 34 -> 116:29 cash fund, if the on July 31 was 137.80? of cash will be required to replenish the a. 137.80 50.e18 Sabe18ce3 95abe18ce33 C. 139.80 95abe18ce 33 95abe18ce33 d. 260.20 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 MacBook Pro F3 D00 000 F4 3 r4 FS F6 50 F7 67 & F8 DD 7 V F9 8A F10 9 9 95abe18ce3 R
1. A petty cash fund had $200 and the cash payments report shows $300 in miscellaneous expenses and $30 cash left. This means that the fund is (short or over ) by $ 1-Jun Miscellaneous Expenses Cash over and short Cash (Cash balance - Cash remaining) Debit Credit 2. On July 15, TechCom has $200 of credit card sales with a 4% fee. Please construct a journal entry for such transaction.