Preparing simple ledger accounts Kisha's business opened on 1 November 2014. The business had the following assets

Question:

Preparing simple ledger accounts Kisha's business opened on 1 November 2014. The business had the following assets and liabilities at that date.

Required

a. Calculate Kisha's capital on 1 November 2014 using the accounting equation.

The following transactions occurred during November 2014.

Required:

b. Record all of the information in suitable ledger accounts.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 04:23 AM

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Preparing simple ledger accounts Kisha's business opened on 1 November 2014. The business had the following assets

Question:

Furniture and fittings 18 000 Cash at bank 4 100 Cash in hand 600 Bank loan 7 000

Step by Step Answer:

a Calculation of Kishas capital on 1 November 2014 using the accounting equation Assets Liabilities ...View the full answer

Accounting For Cambridge International AS And A Level

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