Prepare a trading account for the restaurant and bar

Assignment Help Accounting Basics
Reference no: EM131537638

Question: The following is a summary of the Cash Book of Benworth Social Club for the year to 31st December, 1962:

1356_Cash book.png

You are required to prepare:

(a) A Trading Account for the Restaurant and Bar for 1962.

(b) An Income and Expenditure Account for the year 1962.

(c) A Balance Sheet on 31st December, 1962.

Note: Ignore depreciation.

Reference no: EM131537638

Questions Cloud

Make the associations expenditure account : The New Town Association commenced activities on 1st January, 1959, and the following is a summary of its transactions for the following year.
What is the value of the bond : If the market's required yield to maturity on a comparable-risk bond is 14 percent, what is the value of the bond? What is its value if the interest is paid.
Explain any alternatives to the project implementation : Evaluate and choose alternatives. Make sure to explain any alternatives to the project implementation and provide a justification for each.
Calculate the value of a bond that matures : Calculate the value of a bond that matures in 12 years and has $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield.
Prepare a trading account for the restaurant and bar : The following is a summary of the Cash Book of Benworth Social Club for the year to 31st December, 1962.
New stock to her portfolio : After Karen adds the new stock to her portfolio, what will be the portfolio'sbeta?
What is the beta of portfolio : You also own $11,563 of Frozen Food Express (assumed beta = 1.60) and $6,714 of Molecular Devices (assumed beta = 0.69).
Prepare income and expenditure account for the year ended : The books of the Brownstone Old Boys' Social Club at 31st December 1962, showed the following balances.
Explain why the entity was chosen by the team for business : Explain why the entity was chosen by the team and how the entity choice supports the overall vision for the business.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Small business dilemma

Assessment of the IFE by the Sports Exports Company very month, the Sports Exports Company receives a payment denominated in British pounds for the footballs it exports to the United Kingdom.

  Why are adjustments needed at the end of accounting period

Which of the following accounts would appear only in an accrual basis accounting system, and which could appear in either a cash basis or an accrual basis.

  What is the after tax cash flow from the sale

What is the after-tax cash flow from the sale of the equipment?

  The city had not yet started the training program.

The bookkeeper recorded the advance in the Revenues account. As of December 31, however, the city had not yet started the training program.

  Risk management technique

In 400 words describe brainstorming risk management techniques and the rationale behind selecting brainstorming risk management technique.

  Compute depletion and depreciation of the mine

During 2014, 80,000 tons were extracted, of which 60,000 tons were sold.

  Goldenlock company manufactures watches and has a jit

goldenlock company manufactures watches and has a jit policy that ending inventory must equal 20 of the next months

  Mary and bob want to know how they should finance

Mary and Bob want to know how they should finance the wedding and if tax implications will be a factor.

  Describe the type offormer employer processes and correlates

Describe the type of data your current or former employer processes and correlates for us how those data are transformed into information

  What would be the book value of the building at the end year

What would be the book value of the building at the end of the fifth year? What would be the book value of the land at the end of the tenth year?

  Meadow view mines is contemplating the purchase of

meadow view mines is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company

  Maximize shareholder value by maintaining a long-term focus

While attending Stanford University, Larry Page met Sergey Brin, a native of Moscow, and together they launched Google in 1998. With CEO Eric Schmidt, who joined in 2001, they have built Google into one of the industry's most powerful companies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd