Business
Business, 05.05.2020 14:20, kirstennnash

Chapter Financial Statements
D= Debit (RM)
C= Credit (RM)

Premises
D 40,000

Fixtures and Fittings
D 10,000

Mortgage on premises
C 15,000

Purchases and sales
D 40,300 C 78,500

Debtors and creditors
D 3,400 C 9,000

Motor vehicles
D 21,000

Return inwards and outwards
D 200 C 300

Commission expense and revenue
D 2,700 C 1,040

Carriage inward
D 1,750

Duties on purchases
D 650

Stock ( 1 January 2020)
D 8,000

Carriage outwards
D 3,260

Wages
D 5,900

Insurance
D 350

Rent
C 3,000

Bank-overdraft
C 3,650

Cash
D 840

Capital
C 28,560

Drawings
D 700

D 139,050 C 139,050

Stock on 31 December 2020 was valued at RM12,000

You are required to prepare

1) Profit and Loss Account for the year ended 31 December 2020

2) Balance Sheet as at 31 December 2020

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:30, isaicruz2018
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
image
Business, 22.06.2019 18:30, saneayahsimmons
What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii
Answers: 1
image
Business, 22.06.2019 19:40, silasjob09
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
image
Business, 22.06.2019 21:50, Chloe0095
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
Do you know the correct answer?
Chapter Financial Statements
D= Debit (RM)
C= Credit (RM)

Premises
D 40,...

Questions in other subjects:

Konu
Chemistry, 10.10.2019 06:50