Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. What is an account b. Mention and explain three classes of account c State the double entry rule of accounting d Differentiate between fixed

image text in transcribed

6. What is an account b. Mention and explain three classes of account c State the double entry rule of accounting d Differentiate between fixed asset and current asset and give an example in each case 2 marks? 6 marks 2 marks 4 marks b 2 a. copy and complete the following table Asset Capital 300,000 2 b. 2 130,000 350.000 ? 400,000 ? 2 300,000 ? 36,000 38,000 24,0000 Liability 34,000 56,000 70,000 170,000 100,000 27,000 ? 14 marks Show workings 5 marks b. Mention any (five) 5 subsidiary books and their uses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Communications

Authors: Elearn

1st Edition

1138456136, 9781138456136

More Books

Students also viewed these Accounting questions

Question

Define personality and list the big five personality traits.

Answered: 1 week ago

Question

What problem(s) does this public have related to this issue?

Answered: 1 week ago

Question

Who is your key public?

Answered: 1 week ago