Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A sole trader has GHC 100 cash in hand and bank balance of GHC 2,400 at the beginning of the accounting period. The closing
A sole trader has GHC 100 cash in hand and bank balance of GHC 2,400 at the beginning of the accounting period. The closing balances for cash in hand and bank were GHC 150 and GHC 5,200 respectively. Cash receipts from debtors and payments to suppliers during the year amounted to GHC 51,700 and GHC 38,200 respectively. She also paid GH 3,400 to employees. How much drawings did she made during the year? A. GHC 7,250 OB. GHC 7,150 OC. GHC 8,250 D. GHC 8,150
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started