Introducing Accounting For AS 2nd Edition Ian Harrison - Solutions

The following information is available for the year ended 31 March 20*8 for Dratesh Narewal:RequiredPrepare the trading and profit and loss account for the year ended 31 March 20*8 and a balance sheet at that date. Motor vehicles at cost Office equipment at cost Premises at
The following information relates to the year ended 29 February 20*8 for Rita Shah:RequiredPrepare the trading and profit and loss account for the year ended 29 February 20*8 and a balance sheet at that date. Sales Purchases Carriage inward Returns inward Carriage outward Returns
Trevor Smith owns and runs a general store. The following transactions took place last week:1. Trevor’s cash sales for the week amount to £1,634.2. He pays wages for the week £899, paying employees with cash.3. Trevor takes £180 cash from the business for his own private use.4. He pays a
In which ledger would you expect to find the following accounts? Tick the appropriate box Account name Tamsin; a credit customer Frank; a supplier to be paid next month Returns inwards account Cash sales account Rent account Bank account Capital account Credit sales account Drawings account Motor
Ben Chan owns and runs a Chinese take-away. The following transactions are for his business:1. Ben pays wages £312 in cash.2. Cash sales amount to £321.3. Ben pays cash for rent £200.4. Ben pays £62 cash for rice, potatoes and meat.5. Ben withdraws cash £250 for holiday spending
In the table below, enter the account that should be debited and the account that should be credited. Transaction Rent paid with cash Goods for resale purchased from Knight on credit Cash sales Wages paid by cheque Purchase of fixed asset by cheque Carriage inwards paid with cash Goods for resale
Gladys Voisin owns a shop selling games, DVDs, CDs, games and videos. The following transactions have just taken place:1. Gladys purchases games from her wholesaler £350, paying by cheque.2. She banks a day’s takings £671.3. Gladys pays her shop insurance £478, paying by cheque.4. She sells an
The following information is given for the business of Derek:1. Derek purchases goods for resale £48 for cash.2. He purchases goods for resale £120 from Nita; he pays cash.3. Derek sells goods to Sadie £11 for cash.4. He purchases a fixed asset £2,780 for use in the business; he pays cash.5.
Harriet provides the following information relating to her business:1. Harriet pays cash wages £349.2. She sells goods £211 for cash to Albert.3. Harriet pays her telephone bill £62 with cash.4. She purchases goods for resale £109 for cash.5. Harriet draws £210 cash from the business for
The following information relates to the business of Selena, a greengrocer:1. Selena purchases fruit and vegetables £104 on credit from Docker.2. She purchases a set of scales £270 on credit from Waites.3. Selena purchases potatoes £60 for cash from A. Farmer.4. Her cash sales for the week
Bhinda owns and runs a garage. The following information relates to her business:1. Cash petrol sales amount to £1,287.2. Bhinda purchases a breakdown vehicle £42,500 on credit from W. Rekers.3. She purchases £3,538 petrol on credit from Esso.4. Bhinda services the car fleet of I. Hurry £1,473;
Raymond is hairdresser. He provides the following information:1. Raymond purchases new hairdryers for use in his salon £125 on credit from B. Loway.2. He purchases hair colours and perms £72 from T. Int, paying cash.3. Raymond purchases cosmetics £212 from B. Lush, paying by cheque.4. He pays
Arnold owns and runs an electrical goods store. He provides the following information:1. Sales for the week £3,642 paid into the business bank account.2. Wages paid in cash £784.3. Arnold repairs a plasma screen television in Hitters Squash Club £188. The club will settle the bill next month.4.
Celia owns and runs a painting and decorating business. The following information relates to the business:1. Cash receipts for work done £2,653.2. She purchases paint £157 from B Rush on credit.3. Celia pays wages £530 cash.4. Celia pays private telephone bill £79, using business cash.5. Celia
The purchases day book of Ghito is shown:Purchases day bookRequiredPrepare the ledger accounts from the entries in the purchases day book. Andrew Zara Kijah Peter £ 460 34 593 742 1,829
The purchases day book of Reg is shown:Purchases day bookRequiredPrepare the ledger accounts from the entries in the purchases day book. Collins O'Mally Otis Bradley £ 599 43 777 75 1,494
Bupesh owns and runs a supermarket. The following business transactions have taken place:1. Bupesh purchases goods for resale £457 from John, paying cash.2. His cash sales amount to £759.3. Bupesh purchases goods £265 from Noel on credit.4. Bupesh receives a cheque £395 for goods sold to
Bertrand receives the following purchases invoices:RequiredPrepare the appropriate day book and post the entries to the ledger accounts. Indicate the ledger used. Invoice no. 1 2 3 4 Supplier's name Froot Acme Dixon Gold Amount of invoice £ 213 54 730 107
Charlotte receives the following purchase invoices:RequiredPrepare the appropriate day book and post the entries to the ledger accounts. Indicate the ledgers used. Invoice no. 5678 Supplier's name Garewal Shaddon Schmidt Brax Amount of invoice £ 513 78 920 703
The sales day book for Rab is given.Sales day bookRequiredPrepare the ledger accounts from the entries in the sales day book. Parker Clive Gray Fitton £ 439 51 882 29 1,401
The sales day book for Mandy is given.Sales day bookRequiredPrepare the ledger accounts from the entries in the sales day book Sacks Baggs Perce Walls £ 510 409 67 111 1,097
Keith has the following copy sales invoices:RequiredPrepare the appropriate day book and post the entries to the ledger accounts. Indicate the ledgers used. Sales invoice no. 34 35 36 37 Customer name Rowan Ash Holly Berry Amount of invoice £. 91 631 76 522
Alice has the following copy sales invoices:RequiredPrepare the appropriate day book and post the entries to the ledger accounts. Indicate the ledgers used. Sales invoice no. 175 176 177 178 Customer name Russell Cavendish O'Toole Green Amount of invoice £ 9 1,563 57 63
The following purchases returns day book for Gwen is given.Purchases returns day bookRequiredPrepare the ledger accounts from the purchases returns day book. Indicate the ledgers used. Samson Tardy Suchard £ 23 54 14 91
The following purchases returns day book for Jane is given.Purchases returns day bookRequiredPrepare the ledger accounts from the purchases returns day book. Indicate the ledgers used. Felix Catt Gnort £ تها 34 12 134 180
The following sales returns day book for Harold is given:Sales returns day bookRequiredPrepare the ledger accounts from the sales returns day book. Indicate the ledgers used. Randall Hamilton Frame 4 38 15 103 156
The following sales returns day book for Anders is given:Sales returns day bookRequiredPrepare the ledger accounts from the sales returns day book. Indicate the ledgers used. Snood Dores Voisin £ 46 17 39 102
On 15 June Grant purchased a delivery van for £35,000, on credit from Fogg’s Garage.RequiredPrepare the journal entries to record this transaction
On 7 November 20*8 Phillipa purchased a freezer for her shop for £1,200 from Icecold Ltd. She will pay for the freezer at the end of December 20*8.RequiredPrepare the journal entries to record this transaction.
On 6 January 20*8 Branch sold a machine used in his business for £200 to Tippers Ltd. Tippers will settle the debt at the end of January 20*8.RequiredPrepare the journal entries to record this transaction.
On 29 April 20*8 Briggs, a welder, sold an electric generator he had used in his business for £300 on credit to Cox.RequiredPrepare the journal entries to record this transaction.
Complete the table by stating, for each transaction, the book of prime entry to be used; the account to be debited; and the account to be credited.The first row has been completed for you. Transaction Goods sold on credit Fixed asset sold for cash Goods for resale purchased on credit Cash
Complete the table by stating, for each transaction, the book of prime entry to be used; the account to be debited; and the account to be credited. Transaction Electricity paid by cheque Fixed asset sold on credit Purchases made on credit Receipts paid into bank Credit sale of goods Fixed assets
Identify the book of prime entry to be written up from the following source documents:■ Invoice received for purchase of goods for resale■ Cash register till roll■ Copy credit note sent to customer■ Invoice received for purchase of new warehouse on credit.
Identify the book of prime entry to be written up from the following source documents:■ Copy sales invoice■ Receipt for cash sale of old delivery van■ Credit note received from supplier■ Cash receipt for purchase of goods for resale.

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