Questions from Financial Accounting

Q: Prepare bookkeeping records for the information in question C10.1.

Prepare bookkeeping records for the information in question C10.1. Data from Question C10.1: The following file of papers was found in a cupboard of the general office of Green Ltd at the end of the...

Q: Prepare bookkeeping records for the information in question B11.1.

Prepare bookkeeping records for the information in question B11.1. Data from Question B11.1: The Washing Machine Repair Company gives a warranty of no-cost rectification of unsatisfactory repairs. It...

Q: On 1 January Year 1, Angela’s Employment Agency was formed.

On 1 January Year 1, Angela’s Employment Agency was formed. The owner contributed £300,000 in cash which was immediately used to purchase a building. It is estimated to have a 20-year life and a resid...

Q: On 1 December Year 1 a company paid £2,400

On 1 December Year 1 a company paid £2,400 as an insurance premium to give accident cover for the 12 months ahead. The accounting year-end is 31 December. Required Prepare an accounting equation sprea...

Q: Prepare bookkeeping records for the information in question B11.2.

Prepare bookkeeping records for the information in question B11.2. Data from Question B11.2: General Engineering Ltd receives a government grant for £60,000 towards employee training costs to be incu...

Q: Prepare ledger accounts for the transactions of Jane Gate’s dental practice.

Prepare ledger accounts for the transactions of Jane Gate’s dental practice.

Q: Which of the following errors would be detected at the point of

Which of the following errors would be detected at the point of listing a trial balance? (a) The bookkeeper enters a cash sale as a debit of £49 in the cash book and as a credit of £94 in the sales ac...

Q: Prepare ledger accounts for the transactions of Peter Gold, furniture supplier

Prepare ledger accounts for the transactions of Peter Gold, furniture supplier, listed in question B6.2. Data from Question B6.2: The following list of transactions relates to the business of Peter G...

Q: Prepare ledger accounts to report the transactions and events of questions C8

Prepare ledger accounts to report the transactions and events of questions C8.1 and C8.2. Data from C8.1: The Biscuit Manufacturing Company commenced business on 1 January Year 1 with capital of £22,...

Q: Keyboards Ltd is a small company manufacturing electronic musical instruments. A

Keyboards Ltd is a small company manufacturing electronic musical instruments. A list of balances extracted at 31 December Year 2 showed the following information: Further investigation revealed the f...