Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use following information to answer question 11 and 12. Santander Ltd in London started its online business in January 2023 and the following transactions were

image text in transcribed
image text in transcribed
Use following information to answer question 11 and 12. Santander Ltd in London started its online business in January 2023 and the following transactions were reported during the month. (i) Ben the owner deposit 95,000 in the business bank account on 1st January 2023 (ii) Bought a computer for 950 on credit on 2nd January 2023 (iii) Purchased goods 16,500 cash on 5th January 2023. (iv) Sold goods 12,600 for cash to a customer in London on 10th January 2023. 12. Prepare 'Cash and Bank account' and 'Capital account' using your answers to question 8 above and balance off the accounts. ( 4 mark) (Date, account name and amount must all be accurate to gain full marks) Cash and Bank A/C Capital A/c

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

Accounting For Inventory

Authors: Steven M. Bragg

1st Edition

1938910222, 9781938910227

More Books

Students also viewed these Accounting questions

Question

1. What is nonverbal communication?

Answered: 1 week ago