a. Stationery: During the year to 31 December 20X2 1,300 was paid in respect of stationery. The

Question:

a. Stationery: During the year to 31 December 20X2 £1,300 was paid in respect of stationery. The amount owing at 31 December 20X1 was £140 and the amount owing at 31 December 20X2 was £200.

b. Rent: Kristal received rent of £3,000 during the year ended 31 December 20X2. The tenant owed Kristal £210 on 31 December 20X1 and owed her £340 on 31 December 20X2.

Required

Draft 'T' accounts for the above transactions including the balances transferred to the statement of profit and loss account for 20X2 and the balances brought down to 20X3.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

Question Posted: