Questions from Business Accounting

Q: W. Hope’s year ended on 30 June 2020. Write up

W. Hope’s year ended on 30 June 2020. Write up the ledger accounts, showing the transfers to the financial statements and the balances carried down to the next year for the following...

Q: On 1 January 2019 the following balances, among others, stood

On 1 January 2019 the following balances, among others, stood in the books of B. Baxter: (a) Lighting and heating, (Dr) £192. (b) Insurance, (Dr) £1,410. During the year ende...

Q: (a) Angela’s business pays for its lighting and heating usage

(a) Angela’s business pays for its lighting and heating usage in arrears. The business’s books showed an accrual in connection with lighting & heating expenses...

Q: You are required to prepare a purchases ledger control account from the

You are required to prepare a purchases ledger control account from the following information for the month of July: July 1 Purchases ledger balances ……………………. 31,278£ Totals for July: Purchases day b...

Q: Prepare a sales ledger control account from the following information for May

Prepare a sales ledger control account from the following information for May, carrying down the balance at 31 May: May 1 Sales ledger balances ………………………………. 39,953£ Totals for May: Sales day book ………...

Q: The following information relates to the business of Amit Juneja for the

The following information relates to the business of Amit Juneja for the year ended 31 December 2019: Amounts paid to credit suppliers ………………………………………………………… 223,990£ Bad debts written-off ……………………………...

Q: The details below have been taken from the books of Sue Sprung’s

The details below have been taken from the books of Sue Sprung’s business in connection with the quarter ended 30 June 2020: Trade payables as at 1/4/2020 …………………………………………………………….. 48,261£ Trade recei...

Q: The bank columns in the cash book for June 2024 and the

The bank columns in the cash book for June 2024 and the bank statement for that month for D. Hogan are as follows:

Q: In the draft accounts for the year ended 31 October 2019 of

In the draft accounts for the year ended 31 October 2019 of Thomas P. Lee, garage proprietor, the balance at bank according to the cash book was £894.68 in hand. Subsequently the following discoveries...

Q: The following is the cash book (bank columns) of F

The following is the cash book (bank columns) of F. King for December 2020: The bank statement for the month is: You are required to: (a) Write the cash book up to date to take the necessary items i...