The following information is given for the year ended 31 October 20*8 for Elsie: stock at 1
Question:
The following information is given for the year ended 31 October 20*8 for Elsie:
stock at 1 November 20*7 £1,234; stock at 31 October 20*8 £1,357; purchases £48,961; sales £88,552; returns inwards £508; returns outwards £469; carriage inwards £48; carriage outwards £1,486.
Required
Prepare a trading account for the year ended 31 October 20*8.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
Trading Account for the Year Ended 31 October 208 Start with the opening stock at 1 November 207 123...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following information is given for the year ended 31 December 20*8 for Mao: stock at 1 January 20*8 12,651; stock at 31 December 20*8 11,537; purchases 175,873; sales 342,960; returns inwards...
-
Distinguish between physical asset markets and financial asset markets. Whats the difference between spot markets and futures markets? Distinguish between money markets and capital markets. Whats the...
-
The following information is given for the year ended 31 October 20*8 for Les: stock at 1 November 20*7 3,419; stock at 31 October 20*8 3,491; purchases 43,771; sales 74,911; returns inward 118;...
-
Design a suitable angle section to carry a factored tensile force 210 kN assuming a single row of M20 bolts. The yield strength and ultimate strength of the material is 250 MPa and 410 MPa,...
-
On January 1, 2011, Iniesta Animation sold a truck to Robben Finance for 33,000 and immediately leased it back. The truck was carried on Iniestas books at 28,000. The term of the lease is 5 years,...
-
Part One: Economic Order Quantity Compute the economic order quantity for oats based upon the following information related to a manufacturer of granola; round to the nearest whole unit. Assume that...
-
\(\left(\frac{3}{5}+\frac{2}{7} ight) \times \frac{10}{21}\) Perform the indicated operations. Reduce to lowest terms.
-
Wilkins Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing...
-
Refer to Table 10-4. a. What was the settlement price on the March 2020 10-Year US. Treasury Notes futures contract on March 13, 2020? (Do not round your intermediate calculations. Round your perce...
-
State whether the following statements are true or false: Capital expenditure is included in a profit and loss account. Capital expenditure is not included in a profit and loss account. Revenue...
-
The following information relates to the year ended 31 January 20*8 for Natalie: stock at 1 February 20*7 1,560; stock at 31 January 20*8 1,640; purchases 65,090; sales 176,040; returns inwards 360;...
-
Assume that the length of a movie is not affected by an interaction between its star rating and CTR rating. Find the test statistic and critical value for the null hypothesis that star rating has no...
-
4) ABC Corporation makes electrical watches. The lifetime (period during which a watch does not need major repair) of an electronic watch manufactured by this corporation has a normal distribution...
-
Russel Industries has just completed construction of an oil drilling facility at a cost of $10 million. The facility has a useful life of 10 years, is expected to have a $1 million residual value,...
-
write java programme Algorithm: Array Average (Array, n) Purpose: Find the average value Pre: Given the array Array and the number of elements, n Post: None Return: The average value { } } sum -0.0...
-
Paige Co. is a niche furniture manufacturer and retailer who operates mainly in the Carolinas. A partial trial balance showing Paiges equity, revenue and expense balances as of its December 31, 2019...
-
Using Stage one of the commerical lending decision tree in the textbook Introduction Schippel determind that dry supply as a wholesaler would likely show certain financial characteristics when she...
-
How do the courts deal with ambiguities in the contract?
-
Data on weekday exercise time for 20 females, consistent with summary quantities given in the paper An Ecological Momentary Assessment of the Physical Activity and Sedentary Behaviour Patterns of...
-
If inventory has been undervalued, this will______ reported profits.
-
If inventory has been overvalued, what effect has this had on reported profits?
-
Borgia sends Mungo some goods on sale or return. Who includes these goods as part of their inventory?
-
on Select the true statements based on the graph, "Concern about artificial intelligence in daily life far outweigh excitement". Robots are taking over the world. The share of US adults who say the...
-
Academic writing often involves crafting a O Narrative O Critical analysis Plot summary Description which can be defined as taking a viewpoint and attempting to prove its validity.
-
What is Ecsoba's main concern when reading the case? O long wait times production O quality control O being able to hire qualified workers O supply chain issues
Study smarter with the SolutionInn App