Combined cash - bank account- cash book, Cost Accounting

Assignment Help:

The following is a summary of a cash book for the year ended 31 April 2012

Payments                                              $              Receipts                                               $

Rent                                                     625          bar sales                                              583

Rates                                                   200         entrance fees                                        60

Lighting                                               182         Members subscriptions                         2, 220

Wages                                                 760         Donations                                            350        

Printing and stationery                       126

General expenses                               79

Creditors for bar purchases                430

Improvements to club house              388

Repairs                                               310

Additional information available from the records is as follows

                                                                                                31 April 2011       31April 2012

                                                                                                      $                              $

Creditors for- wines and spirits                                                   190                         130

                            Printing                                                             12                           16

                            Wages                                                              27                           38

                            Lighting                                                            21                           37

                            Arrears of subscriptions                                   89                           97

                            Subscriptions Paid in Advance                        45                           38

                            Bar Stock                                                        148                         123

                            Cash in hand                                                    60                           72

                           Cash at bank                                                   210

                            Premises                                                       7, 500

                            Fittings (net of depreciation)                         1, 740

Depreciation on fittings is to be provided at 10% on reducing balance.

Required:

a)      A combined cash/bank account for the year ended 31st April 2012 and

b)      An income and expenditure account for the year ended 31st April 2012, and  a statement of financial position as at that date.


Related Discussions:- Combined cash - bank account- cash book

Show the profit volume charts, Q. Show the Profit volume charts? A vari...

Q. Show the Profit volume charts? A variation of a break-even chart, representing graphically the relationship between profit &losses at different levels of sales volume achiev

Manufacturing Overhead, Does Manufacturing Overhead include the following:1...

Does Manufacturing Overhead include the following:1)Material Handling - labour for Purchasing Material, Shipping (inbound for raw materials and outbound for finished product - also

Is there barely one way to conduct fca, Q. Is there barely one way to condu...

Q. Is there barely one way to conduct fca? Ans. No. It is significant for each area to put the FCA process in perception with its waste management goals. Every community w

Financially acceptable, Suppose that you are the chief financial officer at...

Suppose that you are the chief financial officer at Porter Memorial Hospital.  The CEO has asked you to analyze two proposed capital investment-Project X and Project Y.  Every proj

Who would be affected if the proposal is implemented?, Outdoors R Us owns s...

Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted visit an

Role of cost accounting in business management, Role of Cost Accounting in ...

Role of Cost Accounting in Business Management The system is a set of interdependent parts that together form a unitary whole such performs some functions. A number of sub sys

What is bad debt expense, What is bad debt expense, using the aging method ...

What is bad debt expense, using the aging method (also called the "percentage of receivables" method), given the following set of facts?   A firm has $80 of gross accounts recei

Compute the payback period for the new hoist, Alameda Service center just p...

Alameda Service center just purchased an automobile hoist for $ 14000. The hoist has a 6 year lifeand an estimated salvage value of $1481. Installation costs were $3020, and freigh

Expenditure for the base period and the current period, 1. The table below ...

1. The table below gives data for Southland where there are three consumption goods: bananas, coconuts and grapes. Goods Quantity in base period basket

Write Your Message!

Captcha
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