Steve runs a business selling beds. He has extracted a trial balance at 31 March 2014 but
Question:
Steve runs a business selling beds. He has extracted a trial balance at 31 March 2014 but has not yet included the following balances
Required
Complete the trial balance below. Enter any difference as ‘bank balance’
Transcribed Image Text:
Capital account 65 183 Cariage inwards 1 882 Computer equipment at cost 27 115 Discounts received 1 881 %24
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Details Dr Cr Capital account 65183 Carriage inwards 1882 Carriage outwards 1270 Computer eq...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
Students also viewed these Business questions
-
The followng trial balance reate to at 31 March 2014 s'000 490,000 s'000 Revenue inote (n Cost of sales Distribution costs Aminstative espense Loan note interest and dividends pad inotes i and o Bank...
-
Prepare a trial balance Salim runs a business selling books. He has extracted a trial balance at 30 April 2014 but has not yet included the following balances. Required Complete the trial balance...
-
Nice Car Pty Ltd runs a business selling car accessories. During the quarter ended 30 June 2021, they had the following transactions: $ Bank interest received 218 Sale of car accessories 218,600...
-
Explain why the coffee shop manager should measure elasticity using the mid-point method in his calculations.
-
Balance: ___N2 + ___H2 ( ___N2H4
-
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives: a. Use graphical sensitivity analysis to determine the range of...
-
E 12-7 Accounting for foreign currencydenominated sales Wall Corporation, a U.S. company, sold inventory items to PT Keraton of Indonesia for 300,000,000 Indonesian rupiah on July 1, 2016, when the...
-
The Oakwood Corporation is delinquent on a $2,400,000, 10% note to the Second National Bank that was due January 1, 2007. At that time Oakwood owed the principal amount plus $34,031.82 of accrued...
-
The following information applies to the questions displayed below) Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted...
-
The rate of change of the monthly sales of a newly released football game is given by S'(t) = 500t1/4 S(0) = 0 where t is the number of months since the game was released and S{t)is the number of...
-
Seeta runs a food store but does not keep a full set of accounting records. Her gross profit margin is 20 percent. All takings are banked at the end of the day. Seeta believes that some cash was...
-
Stephen owns a shop selling the latest music technology. During August 2014 he issued the following sales invoices to customers. Prepare the following accounting records to record these transactions:...
-
How would you evaluate the success of your training program?
-
Hogan Business Systems has a small number of sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During 2011 Hogan...
-
Bourret Inc. experienced the following events for the first two years of its operations. 2011: 1. Provided \(\$ 60,000\) of services on account. 2. Provided \(\$ 25,000\) of services and received...
-
A flowrate of lubricant oil is \(5 \mathrm{~kg} / \mathrm{s}\) passing through a Venturi tube. The ratio of areas of the Venturi tube is \(0.005 \mathrm{~m}^{2} /0.002 \mathrm{~m}^{2}\). The density...
-
Sketch on separate axes, in the interval 0 360, the graphs of: In each case show the coordinates of any maximum and minimum points, and of any points at which the curve meets the axes. a y = sec...
-
The wheel of radius \(r=300 \mathrm{~mm}\) rolls to the right without slipping and has a velocity \(v_{O}=3 \mathrm{~m} / \mathrm{s}\) of its center \(O\). Calculate the velocity of point \(A\) on...
-
The probability that a 2011 Audi A8 will be stolen is .0048. Find the odds against the theft of a 2011 Audi A8. Round your answer to the nearest whole number.
-
Design a circuit which negative the content of any register and store it in the same register.
-
What kinds of consumer products are the following: ( a ) watches, ( b ) automobiles, and ( c ) toothpastes? Explain your reasoning.
-
Cite two examples of business products that require a substantial amount of service in order to be useful.
-
Explain why a new law office might want to lease furniture rather than buy it.
-
Cash from Operating Activities: ______________ Cash from Investing Activities: ______________ Cash from Financing Activities: ______________ Problem 2: Financial Ratios The GAP Macys 1 Current Ratio...
-
On January 1, 2021, Winky Enterprises issued 12% bonds dated January 1, 2021, with a face amount of $2,800,000. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market...
-
Using the following accounts and balances, prepare the stockholders' equity vection of the balance sheet. Pilty thousand shares of common stock are authorised, and 1,000 shares have been recoured,...
Study smarter with the SolutionInn App