A summary of the Balgreen Bowling Clubs cash book is shown below. From it, and the additional
Question:
A summary of the Balgreen Bowling Club’s cash book is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2024, and a balance sheet as at that date.
Further information:
(i ) At 1.1.2024 equipment was valued at £6,000.
(ii ) Depreciate the value of all equipment at a rate of 10% for the year.
(iii ) At 31.12.2024 rent paid in advance was £1,200.
(iv ) At 31.12.2024 there was £80 owing for printing.
Transcribed Image Text:
Balance at 1.1.2024 Collections at matches Profit on sale of refreshments Cash Book Summary 5,600 17,200 22,000 44,800 Purchase of equipment Rent for green Printing and stationery Secretary's expenses Repairs to equipment Groundsman's wages Miscellaneous expenses Balance at 31.12.2024 1,200 4,800 200 320 280 16,000 240 21,760 44,800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Balgreen Bowling Club Income and Expenditure Account for the year ending ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A summary of the Moorwick Bowling Clubs cash book is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2012,...
-
A summary of the Downline Rugby Club is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ended 31 December 20X6, and a balance...
-
Q5] A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2014 after taking into consideration the following items. (i) The cost of an asset Rs.23,000 has been taken as an expense (ii)...
-
A prospective new client literally walked up to your CPA firm's reception desk, and asked to speak with you. She proceeded to tell you about her "scummy" ex-boyfriend's under-the-table unreported...
-
Repeat Prob. 9187 using helium as the working fluid. Data From Q#187: Using appropriate software, determine the effects of pressure ratio, maximum cycle temperature, regenerator effectiveness, and...
-
Time waveform collections should have settings that ensure how many full cycles of 1 running speed?
-
The power quality of a transformer is measured by the quality of the voltage. Two causes of poor power quality are "sags" and "swells." A sag is an unusual dip and a swell is an unusual increase in...
-
Norma Electronics sell its products for cash and on credit. It usually provides 6 % of its credit sales as allowance for bad and doubtful debts. In the month of April 2 0 x 1 , Norma Electronics...
-
The following trial balance of the Grampian Golf Club was extracted from the books as on 31 December 2019: Notes: (i) Bar purchases and sales were on a cash basis. Bar inventory at 31 December 2019...
-
The balance sheets of Wendy Langmores 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 18,950, paid for...
-
The 1950 Niagara Treaty be-tween the United States and Canada requires that during the tourist season a minimum of 100,000 cubic feet of water per second 1 ft 3 /sec 2 flow over Niagara Falls...
-
1. Air flows through the venturi shown in the figure. At the neck of the venturi the air flow accelerates and reaches its maximum velocity causing the fuel in the reservoir to be sucked in and mix...
-
Understanding what marketing myopia is. Learn from companies that became obsolete as they misunderstood what business they were in and thus what their customers wanted (Blockbuster/Netflix, Kodak &...
-
Develop a crisis communication plan for a community service organisation of your choice.
-
Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales Variable expenses Contribution margin Fixed expenses...
-
How does the concept of circuit breakers relate to load balancing in microservices? What mechanisms ensure graceful degradation when a service becomes overloaded ?
-
Which one of the following is an example of an investing activity? a. Cash payments to lenders for interest expense b. Cash receipts from borrowing notes c. Cash receipts from sale of goods or...
-
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...
-
Describe the capabilities of Ciscos IX5000 telepresence system. How do they promote collaboration and innovation?
-
Why would a company like Produban want to invest in a telepresence system such as Ciscos IX5000? How are videoconferencing technology and telepresence related to Produbans business model and business...
-
What kinds of other companies might benefit from a telepresence service such as IX5000? Why?
-
Right Fit Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans has a selling price of $40 with $30 in variable costs of goods sold. The company has fixed...
-
Here is a case. Taylor is originally from Ghana and wears a Kente cloth formal wear to work; Taylor identifies as "they" has visible tattoos. wears body piercings, is over 50 years old and has 30...
-
KLM corporation has a capital asset (e.g., a machine) that costs $12,000 when acquired (estimated useful life, 4 years and the estimated sale price at disposal date $2,000). The estimated cost of...
Study smarter with the SolutionInn App