Question1 ( compulsory ) Mary Murphy

AC6402 Revision Questions Question 1 (Compulsory) The following is the trial balance for Mary Murphy, sole trader Account Deseription 5% Loan Capital Accumulated Depr'n on Buildings Accumulated Depr'n on Fixtures & Fittings Discounts Received Provision for Bad Debts Cash in hand for the year ended 31 December 2014: Dr Cr 99,200 106,000 18,000 30,000 5,292 2,448 696 42,744 6,372 24,000 5,688 1,116 37,920 Inventory at 1 January 2014 Rent&Rates Wages and Salaries Insurance Returns Inwards Trade Receivables Payables Revenue Land at cost Building at cost Fixtures&Fittings at cost Bank Overdraft General Expenses Purchases Loan Interest Bad Debts 18,900 240,000 103,200 114,000 66,000 18,000 1,308 131,568 1,200 2.028 537.840 I 537,840 AC6402 Revision Questions Question 1 (Compulsory) The following is the trial balance for Mary Murphy, sole trader Account Deseription 5% Loan Capital Accumulated Depr'n on Buildings Accumulated Depr'n on Fixtures & Fittings Discounts Received Provision for Bad Debts Cash in hand for the year ended 31 December 2014: Dr Cr 99,200 106,000 18,000 30,000 5,292 2,448 696 42,744 6,372 24,000 5,688 1,116 37,920 Inventory at 1 January 2014 Rent&Rates Wages and Salaries Insurance Returns Inwards Trade Receivables Payables Revenue Land at cost Building at cost Fixtures&Fittings at cost Bank Overdraft General Expenses Purchases Loan Interest Bad Debts 18,900 240,000 103,200 114,000 66,000 18,000 1,308 131,568 1,200 2.028 537.840 I 537,840