Of the following, which are incorrect? (A) (ii) and (iv) only (B) (i) and (ii) only (C)
Question:
Of the following, which are incorrect?
(A) (ii) and (iv) only
(B) (i) and (ii) only
(C) (i) and (iii) only
(D) (ii) and (iii) only
Transcribed Image Text:
(i) Sold van for cash (ii) Bought stationery by cheque (iii) Took cash out of business for private use (iv) Paid general expenses by cheque Account to be debited Cash Stationery Cash General expenses Account to be credited Sales Bank Drawings Bank
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The correct answer is D ii and iii only Explanation For ii Bought ...View the full answer
Answered By
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2. On September 1, Irene opened a retail store that specializes in sports car...
-
Prepare budgetary and proprietary journal entries to record the following year- end adjustments: 1. An accrual of $ 60,000 was made for salaries earned the last week of September, to be paid in...
-
Compare the two commonly used methods of determining interest on bonds.
-
Explain the mechanics of common job evaluation systems and discuss computerised job evaluation and e-remuneration systems?
-
Recall the example at the beginning of the chapter, where we show that an ensemble of five independent binary classifiers has a lower error rate than the base error rate of 0.20. Demonstrate that an...
-
Finding Financial Information Refer to the financial statements of American Eagle given in Appendix B at the end of this book. Required: 1. What is the amount of accrued compensation and payroll...
-
Java Company eamed net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25...
-
What is the balance on the following account on 31 May 20X5? (A) A credit balance of 395 (B) A debit balance of 380 (C) A debit balance of 395 (D) There is a nil balance on the account 20X5 May 1...
-
Given the following, what is the amount of Capital? Assets: Premises 20,000; Stock 8,500; Cash 100. Liabilities: Creditors 3,000; Loan from A Adams 4,000 (A) 21,100 (B) 21,600 (C) 32,400 (D) 21,400
-
What is risk of digital disruption from fintech and big tech firms?
-
How would applying the core values and concepts of the Baldrige Performance Excellence Framework improve healthcare quality?
-
1. How does kaizen differ from a kaizen event? 2. What is the Deming Cycle? Explain the activities that make up each step.
-
3. Implement F (X,Y,Z) = XY'ZYZ' by using a) Only one 8-to-1 MUX. b) Only one 4-to-1 MUX. 4. Realize (a,b,c,d) = m(0, 4, 5, 9, 13, 14, 15) with a 8-to-1 Mux. a) Consider a, b, c as selection lines...
-
1.Pink describes several "frames" including: The Less Frame, The Experience Frame, The Label Frame, The Blemished Frame, The Potential Frame. Which frame is your favorite? Why? Give a specific...
-
Rise of the hackers essay prompt question Do you think you might be vulnerable to the social engineering attack that hackers used against Matt in the video?
-
Evaluate how Apple can gain business intelligence through the implementation of a customer relationship management system.
-
With your classmates, form small teams of skunkworks. Your task is to identify an innovation that you think would benefit your school, college, or university, and to outline an action plan for...
-
Bunker plc is a trading company; it does not carry out any manufacturing operations. The following information has been extracted from the books of account for the year to 31 March 20X0: Additional...
-
Fresno Group plc have prepared their financial statements for the year ended 31 January 20X4. However, the financial accountant of Fresno Group plc had difficulty in preparing the statements required...
-
From the following selected balances of State plc as at 31 December 20X8, prepare (i) A detailed trading and profit and loss account for the year ended 31 December 20X8 for internal use and (ii) A...
-
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
-
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
-
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...
Study smarter with the SolutionInn App