Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

B Kelly has a business that has been trading for some time. You are given the following information as at 31.12.2002 Buildings 11,000 Furniture &

B Kelly has a business that has been trading for some time. You are given the following information as at 31.12.2002

Buildings 11,000

Furniture & Fittings 5,500

Motor Vehicles 5,800

Stocks 8,500

Debtor 5,600

Cash a bank 1,500

Cash in hand 400

Creditors 2,500

Capital 30,800

Loan 5,000

You are required to prepare a Balance Sheet as at 31 December 2001

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

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

10th edition

1473748873, 9781473748910 , 1473748917, 978-1473748873

More Books

Students also viewed these Accounting questions

Question

★★★★★

Below are twelve instructions. Which are best described as planning, and which are best described as forecasting? a. Give a complete definition of the work. b. Lay out a proposed schedule. c....

Answered: 1 week ago

Question

★★★★★

How does the freedom from bias mentioned in ASOBAT compare to the quality of neutrality mentioned in SFAC No. 8?

Answered: 1 week ago

Question

★★★★★

=+32. Dirt bikes, part 2. The model in Exercise 30 is missing one predictor that we might have expected to see. Engine Displacement is highly correlated 1r = 0.7832 with MSRP, but that variable has...

Answered: 1 week ago

Question

★★★★★

Rams Ramachandran is considering the wisdom of reducing the number of suppliers his firm uses. Currently, Rams uses 25 suppliers to purchase goods worth $2,500,000 per year. To manage the orders and...

Answered: 1 week ago

Question

★★★★★

Underapplied manufacturing overhead occurs when: A. applied overhead exceeds actual overhead. B. applied overhead exceeds estimated overhead. C. actual overhead exceeds estimated overhead. D....

Answered: 1 week ago

Question

★★★★★

Onslow Company purchased a used machine for $ 1 4 4 , 0 0 0 cash on January 2 . On January 3 , Onslow paid $ 6 , 0 0 0 to wire electricity to the machine. Onslow paid an additional $ 1 , 2 0 0 on...

Answered: 1 week ago

Question

★★★★★

Misusing Forensics Tools Your research on the kinds of tools necessary to conduct the proper forensics investigations has convinced you of the power of these tools. It will be essential to provide...

Answered: 1 week ago

Question

★★★★★

Contrast the level of security in a hotel that uses a hard-key system with that in a hotel that uses an electronic key or smart card system

Answered: 1 week ago

Question

★★★★★

1.1.9 Quiz: An Alternative to Riemann Sums 5 sin(x) Consider the function f(x) = +5.1.1 (+2), which is +5.1.1-(2+2) (x2+4x+5) graphed below on the interval [-2, 8]. 0 2 # Click here for long...

Answered: 1 week ago

Question

★★★★★

Volcano Pty Ltd (Volcano) operates three surfing stores in Queensland. On 8 August 2016, Gao was appointed to the position of managing director of Volcano for a period of two years. A return was...

Answered: 1 week ago

Question

★★★★★

One of your team members calls you and asks for your help unloading baggage from a flight which will arrive shortly. You are currently working at a different terminal finishing the loading process...

Answered: 1 week ago

Question

★★★★★

HW Score: 54.17%, 6.5 of 12 pr) 0 Points: 0 of 1 y use credit cards? A sample of 1 000 Generation X and 1 000 B K I; ' ' . , comers revealed th I. If a respondent seiected is a member of Generation...

Answered: 1 week ago

Question

★★★★★

4. Think of a situation where you would convince someone of an argument or an idea you had. a. What feelings did you want the other person to be left with when you finished? b. When you think about...

Answered: 1 week ago

Question

★★★★★

7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Question

★★★★★

6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Answered: 1 week ago

Previous Question Next Question