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The LGE is a retail trader in Londrina. The firm has provided the following accounts details for 2 0 2 2 . Cashbook List of
The LGE is a retail trader in Londrina. The firm has provided the following accounts
details for
Cashbook
List of balances
Additional notes:
i The machinery that was sold had a book value of
ii Discounts of were allowed to credit customers
Required
a How much was the capital at January marks
b Determine the amount for total sales, and total purchases. marks
c How much was wages, office expense, and rates for the year? mks
d How much was investment income for the year? marks
e What is the gain or loss on the machinery disposed? marks
f How much is to be charged as depreciation for the equipment, machinery, and motor vehicle for the year? marks
g Prepare the trial balance as at December marks
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