Questions from Financial Accounting

Q: You are provided with the following details about a company’s credit customers

You are provided with the following details about a company’s credit customers for the month of November. Balances in sales ledger Credit sales Sales returns Required You are r...

Q: You are supplied with the following information in respect of B.

You are supplied with the following information in respect of B. Score’s transactions in September with its suppliers. The list of opening balances per the purchases ledger is as fol...

Q: The following information is an extension to Question 11.8 in

The following information is an extension to Question 11.8 in Chapter 11: Required a. Make the necessary entries in the ledgers using your answers to Question 11.8 in Chapter 11. b. Close the suppli...

Q: The following information is an extension to Question 11.9 in

The following information is an extension to Question 11.9 in Chapter 11. a. Enter the following transactions relating to the suppliers’ accounts in September using a three- column c...

Q: Enter the following transactions in ledger accounts of ABC (including a

Enter the following transactions in ledger accounts of ABC (including a two-column cash book), balance off and extract the trial balance. 1 Jan ABC started business and put £1,000 in the business bank...

Q: Veronica Reichester owns a shop. The following transactions happened in November

Veronica Reichester owns a shop. The following transactions happened in November. 1 Nov Credit sales: C. Flanagan £456, S. Morgan £300, F. Hutchinson £645, A. Adair £987 2 Nov Credit purchases: N. War...

Q: The Oakhill Printing Co. Ltd operates its petty cash account on

The Oakhill Printing Co. Ltd operates its petty cash account on the imprest system. It is maintained at a figure of £80 on the first day of each month. At 30 April 20X9 the petty cash box...

Q: Belfast cleaning company operates its petty cash account using an imprest system

Belfast cleaning company operates its petty cash account using an imprest system. It is maintained at a figure of £100 on the first day of each month. At 31 December 20X8 £21...

Q: London Printing Co. has an opening balance on its cash account

London Printing Co. has an opening balance on its cash account on 1 January of £20.00. On the first of each month £100 is withdrawn from the bank to cover that monthâ&#...

Q: The following information is an extension to Question 11.4 in

The following information is an extension to Question 11.4 in Chapter 11. a. Enter the following transactions using a three-column cash book. The following cash transactions happened in November: 9 No...