Business, 12.05.2021 19:50, kukisbae

Anna 108 000
Example 1
The information below was extracted from the books of Daisy and Anna as a
March 2019
N$
162 000
Capital (1 April 2018)
12 000
Drawings
1900
Current account (1 April 2018)
480
Interest on drawings
9720
Interest on capital
1 800
Salaries
2340
Residual share of profit
AN
1500
REQUIRED
(a) Prepare the following accounts in the general ledger of Daisy and Anna.
Capital accounts of partners
ij. Current accounts of partners
Solution
General Ledger of Daisy and Anna
counts section
>how do i balance the current account of partners

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:00, HUNIXX6561

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.

Answers: 1

continue

Business, 22.06.2019 11:40, nelly88

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.

Answers: 2

continue

Business, 22.06.2019 15:50, jackievelasquez7881

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Answers: 1

continue

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

continue

Do you know the correct answer?

Anna 108 000
Example 1
The information below was extracted from the books of Daisy and An...