Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assignment-02 Review of the Trial Balance (prepared as per Assignment 01) and books of Accounts of 'Al Kareem Consulting & Co' reveals the following. 1.

image text in transcribed
Assignment-02 Review of the Trial Balance (prepared as per Assignment 01) and books of Accounts of 'Al Kareem Consulting & Co' reveals the following. 1. It is found that 50% of the service relating to the Sum received for 'services to be performed in the coming days'Ihas been rendered. 2. Etisalat mobile phone bill amounting to 300 are yet to be paid. 3. Depreciated the car by AED 500 and Furniture by 5% of the cost. 4. Wages amounting to 400 have not yet been paid. 5. 60% of the Amounts due from accounts receivable have been directly paid to Kareem, which were not accounted in the Books. Kareem had not remitted the same to the Cashier. Pass Adjusting Entries, prepare ledger accounts and adjusted Trial Balance

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

Accounting And Auditing Research Tools And Strategies

Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk

10th Edition

1119698138, 9781119698135

More Books

Students also viewed these Accounting questions

Question

Compare and contrast long-term and short-term orientation cultures

Answered: 1 week ago

Question

Discuss the research behind the notion of a pancultural self

Answered: 1 week ago