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Problem 1: From the following information, prepare both the Sales Ledger Control Account and the Purchases Ledger Control Account in order to locate where the error (s) may have occurred in the books of XYZ, whose trial balance did not balance.
K 1st February 2002: Sales ledger balances 56 454
Purchases ledger balances 38 840 Details for the month: Discount allowed 8 204 Discount received 3 442 Cash and cheques received from customers 574 634 Returns outwards journal 2 904 Returns inwards journal 7 236 Sales Day Book 611 648 Purchases Day Book 420 832 Cheques paid to suppliers 410 838 Suppliers were paid through petty cash 124 Balances on the Sales Ledger set off against balances in the Purchases Ledger 1 280
On 1 April 2019 the company made a 2 for 1 rights issue at a price of N$1.40. What is the BEPS for the year ended 31 December 2019?
Carla Ltd.'s defined benefit pension plan, Prepare continuity schedule for the DBO for 2020. Prepare continuity schedule for the plan assets for 2020.
Assume that a customer purchases an oven with both installation and maintenance services for $1,400. Allocate the transaction price of $1,400
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Determine What amount should be reported as Unearned Revenue on December 31, 2019, the ruling by the Department of Trade and Industry
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