![amulets2274](/avatars/14244.jpg)
amulets2274
28.11.2020 •
Advanced Placement (AP)
Henry York is a sole trader who keeps records of his cash and bank transactions in a three column cash book. His transactions for the month of March were as follows:
March
1 Cash in hand £100, Cash at bank £5,672
4 York received a cheque for £1,246 from W Abbot which was paid directly into the bank.
This represented sales.
6 Paid wages in cash £39
8 Sold goods for cash £152
10 Received cheque from G Smart for £315, in full settlement of a debt of £344; this was
paid directly into the bank.
11 Paid sundry expenses in cash £73
14 Purchased goods by cheque for £800
18 Paid J Sanders a cheque of £185 in full settlement of a debt of £201
23 Withdrew £100 from the bank for office purposes
24 Paid wages in cash £39
26 Sold goods for cash £94
28 Paid salaries by cheque £230
31 Retained cash amounting to £150 and paid the remainder into the bank
Required:
(a) Enter the above transactions within T-accounts and bring down the balances.
(b) Assuming no opening debtors, creditors or stock, prepare a trading and profit and loss
account for the month of March.
Solved
Show answers
More tips
- H Health and Medicine AKDS Vaccination: Ensure Your Child s Safety...
- H Health and Medicine Naskol ko Opasen Ukus Kleshcha i Kak Ego Raspoznat...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
Answers on questions: Advanced Placement (AP)
- M Mathematics Will enyone me answer this question...
- M Mathematics Help help help help help...
- M Mathematics Subtracting rational numbers tell how the commutative and associative properties of addition can help you evaluate the expression 2/5 - 7/10 - (-3/5)...
- M Mathematics Arestaurant charges $8 for a large cheese pizza plus $1.50 per topping. another restaurant charges $11 for a large cheese pizza plus $0.75 per topping. to find out how many toppings...
Ответ:
'x'xx