Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I've gotten an answer to it thanks of Lacown Kingdom Queens Corona and Queen The lackdown Enterprise to better the economic act of the y

image text in transcribed

image text in transcribed

I've gotten an answer to it thanks

of Lacown Kingdom Queens Corona and Queen The lackdown Enterprise to better the economic act of the y agreed to share profits and lowes in the ratio of the opening capital Trial Balance as at 31 March, 2020 Particular Debit (GHCO 2.000.000 120.000 Inventory L0419 80 000 Import duty on roods 4.000 Wares of contract workers 46 000 Salaries & ware of staff 64.000 Camare for food purchased 5,200 Curare for roods told 12.400 Discounts 24.900 25.080 Purchases & Sales 905 200 2.375.220 Rent 11 200 13.000 15,600 17400 Bills receivable 108,000 12 levestment (1 1019 136.000 Docation to National Pandemic Fund 12.000 10% Bank Loan 112.000 Factor 64.000 Recenables and Porables 920.000 240.000 Bank 728.000 66.000 Provision for doubtful dett 20.000 Rates od Taxes 31, 200 Brokerage 13,000 Capital Accounts Queen Corona 500.000 Carreal Accounts 500.000 Queen Corona 20.000 128.000 4.658.700 Additual Information: Due to the economic recension at the moment, the pui e may not be able to settle their debts. Hence de dared to maintain provisions for doubt provide for discount onceivable plan upeat are to be depec 6400 06.000 20 000 13,000 500 000 500 000 115.000 Dette er ment, the partners estimated that more of the mot be able to see their debts Hence, they role of additional debes of 15.00 in provisions for doubtful debts at 5 The de poder discounts receivables a 5% Alpapers to be depreciated at 10% The dece of GH21,000 for goods that were lost due to fire. The edia whenedlad other paid as at the year end Quarto podsting to GH17.400 for personal use. Good G4000 howeton 2404/19. credit were not recorded in to bolos Owe GH 32.000 were wages of G24.600 were paid iadce The greed to charge terest on capital cl 6% and a drawings al 7 GH12 600 was discord Then the year-cad revealed goods worthGH 300.000 The Que Cocar account is determined as GH676,356 of Lacown Kingdom Queens Corona and Queen The lackdown Enterprise to better the economic act of the y agreed to share profits and lowes in the ratio of the opening capital Trial Balance as at 31 March, 2020 Particular Debit (GHCO 2.000.000 120.000 Inventory L0419 80 000 Import duty on roods 4.000 Wares of contract workers 46 000 Salaries & ware of staff 64.000 Camare for food purchased 5,200 Curare for roods told 12.400 Discounts 24.900 25.080 Purchases & Sales 905 200 2.375.220 Rent 11 200 13.000 15,600 17400 Bills receivable 108,000 12 levestment (1 1019 136.000 Docation to National Pandemic Fund 12.000 10% Bank Loan 112.000 Factor 64.000 Recenables and Porables 920.000 240.000 Bank 728.000 66.000 Provision for doubtful dett 20.000 Rates od Taxes 31, 200 Brokerage 13,000 Capital Accounts Queen Corona 500.000 Carreal Accounts 500.000 Queen Corona 20.000 128.000 4.658.700 Additual Information: Due to the economic recension at the moment, the pui e may not be able to settle their debts. Hence de dared to maintain provisions for doubt provide for discount onceivable plan upeat are to be depec 6400 06.000 20 000 13,000 500 000 500 000 115.000 Dette er ment, the partners estimated that more of the mot be able to see their debts Hence, they role of additional debes of 15.00 in provisions for doubtful debts at 5 The de poder discounts receivables a 5% Alpapers to be depreciated at 10% The dece of GH21,000 for goods that were lost due to fire. The edia whenedlad other paid as at the year end Quarto podsting to GH17.400 for personal use. Good G4000 howeton 2404/19. credit were not recorded in to bolos Owe GH 32.000 were wages of G24.600 were paid iadce The greed to charge terest on capital cl 6% and a drawings al 7 GH12 600 was discord Then the year-cad revealed goods worthGH 300.000 The Que Cocar account is determined as GH676,356

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

Auditing

Authors: Karla M. Johnstone, Audrey A. Gramling, Larry E. Rittenberg

8th International Edition

0538477660, 978-0538477666

More Books

Students also viewed these Accounting questions