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.
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20X2 31 Dec Bank 31 Dec Balance cd 1300 200 1500 Stati...View the full answer
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Related Book For 
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas
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