#financial-statements
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Questions
Anonymous
Anonymous
Prepare a statement of financial position for the following transaction?
Capital Cr R668 635 Retained earnings Cr R545 585 Bank loan (12%) Cr R339 840 Furniture Dr R308 161 Motor vehicles, at cost Dr R531 000 Investment:Fixed deposit account Dr R178 416 Inventory (1January 2023) Dr 410 640 Trade receivables Dr R286 457 Prepaid insurance Dr R163 123 Stationary on hand Dr R53 666 Cash at bank Dr R316 448 Trade payables Cr R264 226 Sales Cr R1 399 008 Fees income Cr R337 008 Interest income Cr R8 921 Purchases Dr R613 128 Sales returns Dr R60 888 Drawings Dr R96 337 Carriage outwards Dr R21 948 Rent expense Dr R210 701 Salaries and wages Dr R178 699 Advertising Dr R30 302 Telephone expense Dr R81 420 Interest expense Dr R40 781
Anonymous
shaphii shukuru
Format of income statement, statement of financial position and cash Flow?
Format how does it appears
Fatuma Hassan
Anonymous
Teach me how to prepare an income statement ?
Financial accounting
Anonymous
show: i. The Bad Debts Account and the Provision for Doubtful Debts Account for each of the two years. 12 marks ii. The relevant extracts from the Balance Sheet as at 31 December 2011 and 2012? ?
A business started trading on 1 January 2011. During the two years ended 31 December 2011 and 2012 the following Account on the dates stated: debts were written off to the Bad Debts 31 August 2011 Patrick Sh.850 Evans Rahab Sh.1,400 30 September 2011 28 February 2012 30 November 2012 31 August 2012 Mary David Sh.1,800 Sh.600 Sh. 2,500 On 31 December 2011 there had been a total of debtors remaining of sh.405,000. It was decided to make a provision for doubtful debts of sh.5,500. On 31 December 2012 there had been a total of debtors remaining of sh.473,000. It was decided to make a provision for doubtful debts of sh.6,000.
