From the following data, produce a trading account for the year ended 31 December 2017. Opening inventory
Question:
From the following data, produce a trading account for the year ended 31 December 2017.
Transcribed Image Text:
Opening inventory Closing inventory Purchases Sales 12,181 31,905 76,878 154,544
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 20% (5 reviews)
Trading account for the year ended 31 ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. What are the different types of deposit accounts and loans offered to customers by any one commercial Bank in Oman? How will it benefit the account holders and borrowers? (5 Marks) 2. A successful...
-
Zims, My Hardware's manutacturing division of lawn-mowing and snow removal equpment, segments its business according to customer type Professional and Residential The following divisional information...
-
Explain the critical functions of a cybersecurity policy catalog. Explain the major cyber governance issues in an organization and examine how organizations develop communication protocols because...
-
Which of the following is part of Walmarts strategy regarding its supply chain? a) Acquiring e-commerce technology and expertise. b) Opening central warehouses. c) Changing how and when inventory is...
-
Given the electric flux density determine (a) pv by applying Eq. (4.26), (b) The total charge Q enclosed in a cube 2 m on a side, located in the first octant with three of its sides coincident with...
-
Figure 8.29 shows the contours of the amount, C, in mg, of medication in the blood stream, as a function of the time t since an initial dose D is administered to the patient. Which axis corresponds...
-
Organizations' increasing use of the Internet has had least impact on: a. The overall structure of the approach used to conduct an information systems audit b. Exposures associated with the quality...
-
The management of Magnificent Modems, Inc. (MMI), is uncertain as to the volume of sales that will exist in 2011. The president of the company asked the chief accountant to prepare flexible budget...
-
the F distribution with 3 and 30 degrees of freedom. a. What proportion of the area under the curve lies to the right of F=5.24? b. What proportion of the area under the curve lies to the left of...
-
From the following data, produce a trading account for the year ended 31 December 2018. Opening inventory Closing inventory Purchases Sales Carriage inwards Returns inwards Returns outwards 8,130...
-
From the following data, produce a trading account for the year ended 31 December 2016. Opening inventory Closing inventory Purchases Sales 8,750 9,230 64,300 97,400
-
State which of the function f, g and h has an inverse. f: x 3 - 2x for x 5 g: x |3 - 2x| for x 5 h: x 3 - |2x| for x 5
-
Harjit wants to save $35000 so he can purchase a new vehicle with cash. He can put $150 at the end of each week into an investment that earns an annual rate of 3.25% compounded quarterly. How many...
-
Intensely discuss why variable pay performance plans have become popular and what elements are needed to make them successful. What are your references?
-
Explain the principles of dynamic process modeling and simulation, including the use of first-principles models, empirical correlations, and advanced control strategies to capture transient behavior...
-
Please explain the nature of agency problems in corporations. Explain how companies use compensation packages to attempt to manage agency conflicts. Please explain these questions in finance...
-
A company interns to finance its business expansion by issuing preferred stock, common stock and bonds 1) preferred stock price is 110$ per shareand 150,000 shares issued 2) common stock price is 50$...
-
1. Birkenfeld is adamant that his prison sentence is unfair when compared to the fact that no one else (e.g., Olenicoff or UBS bankers) went to jail. Does he have a point? 2. Why did UBS elect to...
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
For the following transactions state which accounts should be debited, and which should be credited. (a) Rent paid by cheque. (b) Goods for resale purchased for cash from S Barnes. (c) Goods sold on...
-
Write up in the following transactions in the double-entry accounts of J Jackson. 2008 1 September Jackson transfers 4,500 of his own money into the business bank account. 3 September Jackson...
-
Construct the ledger accounts for S Gillespie from the following transactions. 2015 1 June Gillespie places 6,000 of his own money into the business bank account. 4 June Gillespie borrows 4,000 from...
-
Financial analysts have estimated the returns on shares of the Woods Corporation and the overall market portfolio under two economic states nature as follows. For Woods the state dependent returns...
-
Question 3. Use the SPSS data file named Exam3Data.sav (which you should open in SPSS) to conduct an independent samples t-test comparing the aggression among 16 year olds (age16agg) between the...
-
Based on the independence provisions of the Sarbanes-Oxley Act, which one of the following is not true about an audit firm's services to audit clients? A A non-audit partner reviewing the audit...
Study smarter with the SolutionInn App