Question
Trial Balance as at 31 st March Dr Cr Inventory 2 000 Sales 248 783 Purchases 68.975 Sales Returns 1 206 Purchase Returns 780 Carriage
Trial Balance as at 31st March
| Dr | Cr | |
|
|
| |
| Inventory | 2 000 | |
| Sales | 248 783 | |
| Purchases | 68.975 | |
| Sales Returns | 1 206 | |
| Purchase Returns | 780 | |
| Carriage Inwards | 220 | |
| Discounts Received | 3 135 | |
| Discounts Allowed | 2 474 | |
| Wages | 111 220 | |
| Insurance | 7 500 | |
| General Expenses | 39 590 | |
| Heat and Light | 3 880 | |
| Bad Debts | 965 | |
| Non-current (fixed) assets | 277 200 | |
| Trade Receivables | 6 700 | |
| Trade Payables | 2 100 | |
| Bank | 37 750 | |
| Cash | 1 500 | |
| Capital | 185 082 | |
| Short-term Loan | 50 000 | |
| ______ 525 530 | ______ 525 530 |
Additional Information:
- Alpha Stores had an opening inventory of 32 000.
- Depreciation is not charged on non-current (fixed) assets.
PLEASE THE SOLUTIONS ALREADY SOLVED TO THIS QUESTION IS WRONG. THE ADDITIONS FOR THE TOTALS ARE WRONG. THE WORK DID NOT BALANCE. PLEASE FIND ANOTHER EXPERT TO SOLVE THIS.
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
