Business
Business, 25.04.2022 02:50, cam6836

Sophie is a trader. She maintains a full set of accounting records. Her financial year ends on 30 April. Sophie's transactions for the year ended 30 April 2016 included the following. 2021 May 12 Paid cash for stationery 95 June 16 Received commission by cheque 1680 July 09 Paid Al Stationers, by cheque, the balance due on 01 May Sept 10 Received commission by cheque 1710 Nov 30 Purchased stationery on credit from O Al Stationers 217 Dec 06 Returned damaged stationery to Al do Stationers 53.On 30 April 2022 Inventory of stationery 196 Commission receivable outstanding 1590 REQUIRED: a Stationery Account b) Al Stationers Account ., Commission receivable Account „Name the ledger in which the commission receivable account would appear. Name the section of the statement of financial position at 30 April 2022 in which the balance on the commission receivable account would appear. Give a reason for your answer. Name the section of the statement of financial position at 30 April 2022 in which the balance on the Stationery account would appear. Give a reason for your answer. Name the section of the statement of financial position at 30 April 2022 in which the balance on the A1 Stationers account would appear. Give a reason for your answer.

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Sophie is a trader. She maintains a full set of accounting records. Her financial year ends on 30 Ap...

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