FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The business pays Rahil account of $200 by cheque less 5% cash discount. This transaction will be entered in cash book as Credit Side Bank

image text in transcribed
The business pays Rahil account of $200 by cheque less 5% cash discount. This transaction will be entered in cash book as Credit Side Bank Column $190, Debit Side Discount Column $10 Credit Side Bank Column $190, Credit Side Discount Columin $10 Credit Side Bank Column $200, Credit Side Discount Column $10 Debit Side Bank Column $190, Credit Side Discount Column $10

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_2

Step: 3

blur-text-image_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

Remote Auditing A Quick And Easy Guide For Management System Auditors

Remote Auditing A Quick And Easy Guide For Management System Auditors

Authors: Denise Robitaille

1st Edition

1932828311, 978-1932828313

More Books

Students also viewed these Accounting questions

Question

★★★★★
If a defendant is randomly selected, what is the probability that the defendant entered a guilty plea and was not sent to prison? Pedestrian deaths. For Exercises 21-26, use the following table,...

Answered: 1 week ago

Question

★★★★★
=+a. Determine frequencies and relative frequencies for the observed values of x 5 number of nonconforming transducers in a batch.

Answered: 1 week ago

Question

★★★★★
5. Why would the interactional model improve the prediction of athletic performance? Do you think it improves it enough to make the model useful for personnel decisions about athletes?

Answered: 1 week ago

Question

★★★★★
Patton issues $650,000 of 5%, four-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. They are issued at $584,361 and their market rate is 8% at the issue...

Answered: 1 week ago

Question

★★★★★
which entity is not registered in terms of the company Act?

Answered: 1 week ago

Question

★★★★★
Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Depreciation ($10,100 5 years) $ 2,020 Insurance $ 1,100 Garage rent $ 600...

Answered: 1 week ago

Question

★★★★★
4. Mrs. Burgess is a sixth-grade language arts teacher whose class includes Renata, a student with a significant cognitive disability. Mrs. Burgess is planning a unit in which her students will read...

Answered: 1 week ago

Question

★★★★★
Prepare the income statement and the statement of owner's equity for the month of June, and the balance sheet as of June 30. Nina Niko launched a new business, Niko's Maintenance Co., that began...

Answered: 1 week ago

Question

★★★★★
The following information was taken from the accounting records of Elliott Manufacturing Corp. Unfortunately, some of the data were destroyed by a computer malfunction. Sales Revenue Finished Goods...

Answered: 1 week ago

Question

★★★★★
M/s Suba Pharmaceuticals has imported a machinery on 1st July, 2012 for `1,60,000 paid custom duty and freight `80,000 and incurred erection charges ` 60,000. Another local machinery costing...

Answered: 1 week ago

Question

★★★★★
Question 5 a) Departments A, B, C, and D need to be assigned to four rooms 1, 2, 3, and 4. These rooms are arranged in a row, in that order, with 20 meters between each. The departmental workflows...

Answered: 1 week ago

Question

★★★★★
2. Explain how Pandoras freemium business model works. How does the company generate revenue? Pandora is the Internets most successful subscription radio service. In May 2014, Pandora had 77 million...

Answered: 1 week ago

Question

★★★★★
4. How has e-commerce affected business-to-business transactions?

Answered: 1 week ago

Question

★★★★★
1. How important is mobile technology in Orbitzs business strategy? Why? When it comes to mobile apps and gauging their impact on consumers and business, the online travel industry and its airline...

Answered: 1 week ago

Previous Question Next Question