Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Questions about year end adjustments Doall . Michnaft Girl Data Review View Catan Er Wrap Text General Conditional Format Call Imanit Bebelt Formal Formatting *

Questions about year end adjustments

image text in transcribed
Doall . Michnaft Girl Data Review View Catan Er Wrap Text General Conditional Format Call Imanit Bebelt Formal Formatting * Di Table - Spurs Abariment C D E G H K M Question The Trial Balance for Ravi as at 31 March, is as follows At 31 March there wast Di AM I Inventory valued at 31 March at cost prices RM9,100 Inventory 1 February (b/d) Il. Rent of RM100 not yet paid Mirchases and Sales 26,000 40.940 14: Insurance inclusive RM300 paid in advance Rent 4,400 W. Commission of RM350 not yet received for the month of March Insurance 1.600 . 15 months rental was received which inclusive 3months deposit Salary 10.920 Motor vehicle at post vi, The motor vehicle is to be depreciated it JON at cont which amounting to aww, am Commission received Required Rental moved 5,DOO lal Ledger accounts for year ended 31 March Trade receivables and payables 1 160 2,100 Il Rent account Ill Insurance account Accumulated depreciation motor vehicle 1,200 Capital of 1. February (b/) ill) Commission received account 15, 70 iv) Rental received account 11/700 (b] Prepare extracts of the Statement of Profit of Loss for the year ended It Mark 4 Statement of Financial Position 45 at that date 73.550 acer F2 F5 F7 FB Sulk 6

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

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

5th Canadian edition

1259269868, 978-1259269868

More Books

Students also viewed these Accounting questions