Q: Electronic spreadsheets (such as Microsoft Excel) are extensively used by
Electronic spreadsheets (such as Microsoft Excel) are extensively used by accountants today and have been for decades. With reference to some of the various topics covered in this book, can you sugges...
See AnswerQ: Draw up Amy Banfield’s balance sheet as at 30 June 2024 from
Draw up Amy Banfield’s balance sheet as at 30 June 2024 from the following items: Capital ……………………. 22,960£ Equipment ………………… 11,660 Trade payables ………….… 6,390 Inventory …………….….….. 7,920 Trade recei...
See AnswerQ: Bill Smithson runs a second-hand furniture business from a shop
Bill Smithson runs a second-hand furniture business from a shop which he rents. He does not keep complete accounting records, but is able to provide you with the following information about his financ...
See AnswerQ: Jean Smith, who retails wooden ornaments, has been so busy
Jean Smith, who retails wooden ornaments, has been so busy since she commenced business on 1 April 2018 that she has neglected to keep adequate accounting records. Jean’s opening capital consisted of...
See AnswerQ: The following are summaries of the cash book and bank accounts of
The following are summaries of the cash book and bank accounts of P. Maclaran who does not keep her books using the double entry system. The following referred to 2018 The following additional infor...
See AnswerQ: Using the information in Review question 27.13, prepare P
Using the information in Review question 27.13, prepare P. Maclaran’s balance sheet as at 31 December 2018. Review Question 27.13: The following are summaries of the cash book and b...
See AnswerQ: B. Barnes is a dealer who has not kept proper books
B. Barnes is a dealer who has not kept proper books of account. At 31 October 2019 his state of affairs was as follows: Cash ……………………………………………… 210£ Bank balance (not overdrawn) ……….. 4,700 Fixtures …...
See AnswerQ: The balance sheets of Ruth Byrde’s business as at the end of
The balance sheets of Ruth Byrde’s business as at the end of its two most recent financial years are presented below: There were no acquisitions of non-current assets during the yea...
See AnswerQ: The balance sheets of Wendy Langmore’s business as at the end of
The balance sheets of Wendy Langmore’s business as at the end of its two most recent financial years are given to you below: (i) In December 2022, a delivery van was purchased for &...
See AnswerQ: Martin Petty is in the process of preparing a statement of cash
Martin Petty is in the process of preparing a statement of cash flows for his business for the year to 30 April 2023. You establish the following facts in connection with that financial year: Net prof...
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