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Answer the questions on the paper - Essay Example

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Masters
Essay
Finance & Accounting
Pages 5 (1255 words)

Summary

FINANCIAL MANAGEMENT Lecturer Subject Code Cash Account Details Ant($) Details Ant($) Balance e B/F 750 Withdrawals 20,000 Sales 54,000 Rent Exp. 15,000 Rate 1,300 Debtors 178,000 Motor Van 13,000     Wages a/c 36,700     Operating exp…

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Answer the questions on the paper

Depreciation 2,500 Acquisition 13,000 Depreciation 2,500     Balance c/d(balance sheet) 20,000   25,000   25,000         Provision for depreciation Details Ant($) Details Ant($)     Motor Van a/c 2,500 Balance c/d 5,000 P & L 2,500   5,000   5,000         Rent Expenses Details Ant($) Details Ant($) Cash a/c 15,000     Prepaid rent 5,000 P & L 20,000   20,000   20,000         Prepaid Rent Account Details Ant($) Details Ant($) Bal. b/d 5,000 Rent expenses 5,000           5,000   5,000                 Rate expenses Account Details Ant($) Details Ant($) Prepaid exp. 300     Cash 975 P & L 1,300   1,300   1,300         Prepaid Rate Account Details Ant($) Details Ant($) Balance e B/F 300 Rate expenses 300 Cash 325 Bal. c/d(balance sheet) 325   625   625         Motor Van Expenses Details Ant($) Details Ant($) Cash 16,200 Bal c/d 16,200   16,200   16,200                 Wages Expense Account Details Ant($) Details Ant($) Cash a/c 36,070     Accrual wage 860 P & L 36,930   36,930   36,930                         Accrued wages account Details Ant($) Details Ant($) Cash a/c 630 Bal. b/d 630 Bal. c/d(balance sheet) 860 Wages Exp. 860   1,490   1,490         Accounts Payables Details Ant($) Details Ant($) Cash a/c 71,000 Bal. b/d 22,000 Bal. c/d (Bal. ...
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