Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Accountant has also asked for you to assist in preparing the statement of financial position (balance sheet) for the Construction in Building partnership for the year ended 30 June 2011.
Using the trial balance, prepare a statement of financial position (balance sheet) for the partnership as at 30 June 2011. Do NOT use brackets, minus signs or dashes.
Trial balance for Construction in Building for the year ended 30 June 2011
Dr £
Cr £
Accruals
1,100
Prepayments
505
Bank
10,230
Capital - Shirley
33,375
Capital - Ken
59,750
Capital - Reeny
21,375
Cash
120
Closing inventory
23,500
Current account - Shirley
55,397
Current account - Ken
63,803
Current account - Reeny
8,300
Drawings - Shirley
25,870
Drawings - Ken
40,000
Drawings - Reeny
3,000
Motor vehicles at cost
69,500
Motor vehicles accumulated depreciation
22,094
Plant and machinery at cost
114,500
Plant and machinery accumulated
depreciation
41,781
Allowance for doubtful debts
1,500
Trade Payables control account
18,000
Trade receivables control account
42,000
VAT
2,750
Total
329,225
Variable Overhead Efficiency Variance Budget for December 2003; Shs. Fixed Overheads 11,480 Variable Over
costing in respect of mathematical accounting a research project.
Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 609,725 units, estimated beginning inventory is 107,791 units, and desired ending inventor
contribution per unit 8 fixed cost=800.find B.E.P?
What are the basic characteristics of a relevant cost? Why are future costs not always relevant? Are all relevant costs found in accounting records?
OBJECTIVES OF COST ACCOUNTING : 1-DETERMINING SELLING PRICE 2-CONTROLING COST 3- PROVIDING INFORMATION FOR DESING MAKING 4-ASCERTAINING COSTING PROFIT 5-Facilitating preparation of
explain various type of cost ccounting
What type of activity could a company engage in to improve their cash flows in their Cash Flows Statement? Is this ethical? Could borrowing money make the cash from operations be
The following is a summary of a cash book for the year ended 31 April 2012 Payments $ Receipts $
G. Mills was appointed a local agent for the High Power Mobile Workshop Bolt (HPMW-B) on 1 April 2009. The HPMW-B is manufactured by Mobile Equipment Ltd (MEL). The company charges
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd