Collin has extracted the following balances from the ledger accounts for his business: (All amounts in $) Plant and machinery 95,000; Property 135,000; Inventory 6,400; Payables 3,600; Receivables 2,850; Bank overdraft 970; Loan 45,000; Capital 100,000; Drawings 32,000; Sales 362,000; Purchases 156,000; Purchase returns 2,200; Carriage outwards ?; Discounts received 3,500; Sundry expenses 82,500. He has forgotten to extract the balance from the carriage outwards account. What is the value of the missing balance? *
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Ответ:
Carriage outwards: 7,520 debit
Explanation:
Accounts DEBIT CREDIT
Plant and machinery 95,000
Property 135,000
Inventory 6,400
Receivables 2,850
Payables 3,600
Bank overdraft 970
Loan 45,000
Capital 100,000
Drawings 32,000
Sales 362,000
Carriage outwards x
Purchases 156,000
Purchase returns 2,200
Discounts received 3,500
Sundry expenses 82,500
TOTAL 509,750 517,270
We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:
517,270 - 509,750 = 7,520
Ответ:
Explanation:nensneen