subject

A trader keeps his books by single entry. During the year 1997 he kept a cashbook of which the following is an analysis: Received from debtors 128,000

Additional capital introduced on 1st Oct.1997 16,000

Loan from Mark at 16% p. a on 1st July 1997 21,000

Paid to creditors 115,400

General expenses paid 7,800

Salaries paid 6000

Drawings 8,000

Deposits in the bank during the year 100,000

Withdrawals from the bank during the year 72,000

The following balances existed on 1st Jan. 1997. Sundry debtors MK 30,600; sundry creditors Mk23, 000; bank overdrafts Mk 16,000; buildings Mk85,000; stock Mk43,600 and cash balance Mk 1,200.

The following balances existed on 31.12.1997. Sundry debtors Mk32, 000; Sundry creditors Mk28, 800 and Stocks Mk52, 000.

Depreciate building by 5% and provide interest on Mark’s loan.

You are required to prepare trading and profit & loss account for the year ended 31.12.1997 and the balance sheet as on that date.

ansver
Answers: 2

Another question on Computers and Technology

question
Computers and Technology, 22.06.2019 17:00
Acase study allows a more detailed look at the life of a single subject than any other study.
Answers: 3
question
Computers and Technology, 23.06.2019 03:10
Fill in the following program so that it will correctly calculate the price of the orange juice the user is buying based on the buy one get one sale.#include //main functionint main() { int cartons; float price, total; //prompt user for input information printf("what is the cost of one container of oj in dollars? \n"); scanf(" [ select ] ["%d", "%c", "%f", "%lf"] ", & price); printf("how many containers are you buying? \n"); scanf(" [ select ] ["%d", "%c", "%f", "%lf"] ", & cartons); if ( [ select ] ["cartons / 2", "cartons % 1", "cartons % 2", "cartons % price", "cartons / price", "cartons / total"] [ select ] ["=", "==", "! =", "< =", "> =", "< "] 0) total = [ select ] ["price * cartons", "cartons * price / 2 + price", "(cartons / 2) * price", "cartons / (2.0 * price)", "(cartons / 2.0) * price + price", "((cartons / 2) * price) + price"] ; else total = ((cartons / 2) * price) + price; printf("the total cost is $%.2f.\n", total); return 0; }
Answers: 2
question
Computers and Technology, 23.06.2019 12:00
If you embed a word table into powerpoint, what happens when you make edits to the embedded data? a. edits made to embedded data change the data in the source file; however, edits made to the source file will not be reflected in the embedded data. b. edits made to embedded data will change the data in the source file, and edits made to the source file will be reflected in the embedded data. c. edits made to embedded data don't change the data in the source file, nor will edits made to the source file be reflected in the embedded data. d. edits made to embedded data don't change the data in the source file; however, edits made to the source file will be reflected in the embedded data.
Answers: 1
question
Computers and Technology, 23.06.2019 18:40
How does is make you feel when you're kind to others? what are some opportunities in your life to be more kind to your friends and loved ones? imagine a world where kindness has be outlawed. how would people act differently? would your day-to-day life change significantly? why or why not?
Answers: 2
You know the right answer?
A trader keeps his books by single entry. During the year 1997 he kept a cashbook of which the follo...
Questions
question
Mathematics, 20.07.2019 05:30
question
History, 20.07.2019 05:30
question
Mathematics, 20.07.2019 05:30