The following account appeared in the ledger of Marine Drive Stores: Explain each entry in this account

Question:

The following account appeared in the ledger of Marine Drive Stores:

Explain each entry in this account and also state where the double entry for each entry will be found.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

See More Books

Question Posted: Sep 14, 2021 12:37 AM

See More Questions

The following balance appeared in the ledger of Khathutshelo Ltd at the end of the 20.18 financial year: 31 December 20.18 Current tax payable - SARS R2 000 credit Additional Information: 20.18 Tax...
The following account appeared in Annas ledger: Which statement is correct? A. On 5 January Jodie sold goods, $500, to Anna. B. On 7 January Anna returned goods, $20, to Jodie. C. On 29 January Anna...
The following accounts and balances appeared in the ledger of Chafezz Accountants Ltd on 30 April 2018: Annual Leave Payable Sick Leave Payable Provision for Long-Service Leave Taxation Office...
Ha: Î¼1 > Î¼2 The null hypothesis is H0: Î¼1 = Î¼2 and the alternative hypothesis is as specified. We have provided data from a simple random...
A 3.55 L container has a mixture of 56.7 g of Ar and 33.9 g of Heat 33C. What are the partial pressures of the gases and the total pressure inside the container?
On January 1, 2013, Cook Textiles leased a building with two acres of land from Peck Development. The lease is for 10 years. No purchase option exists and the property will revert to Peck at the end...
Arco, Inc. is a small company that installs and repairs home and commercial heating and air-conditioning units. It has 75 employees and recently started selling its stock to extended family, its...
On May 1, 2013, Brussels Enterprises issues bonds dated January 1, 2013, that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds...
4. 5. In which of following conditions a real gas would behave ideally? (a) Low pressure and low temperature ha (b) At value of temperature equal to its Boyle's temperature (c) Between its critical...
Flowmaster Forge Inc. is a designer and manufacturer of industrial air-handling equipment that is a wholly owned subsidiary of Howden Industrial Inc. Howden is interested in selling Flowmaster to an...
The balance of which account may appear on the debit side of a trial balance? A. Carriage inwards B. Purchases returns C. Rent receivable D. Sales
Jaswant purchased goods from Ali and paid in cash. Which entries would Ali make in his ledger? Account to be debited Account to be credited A cash sales B Jaswant sales sales Jaswant D sales cash
You have a cylinder that contains 500 L of the gas mixture pressurized to 2000 psi (gauge pressure). A regulator sets the gas flow to deliver 8.2 L/min at atmospheric pressure. Assume that this flow...
Item42 Time Remaining 1 hour 4 minutes 55 seconds01:04:55 eBookItem 42 Time Remaining 1 hour 4 minutes 55 seconds01:04:55 The acid-test ratio: Multiple Choice Measures profitability. Measures...
How does the concept of organizational citizenship behavior enhance or impede organizational performance? Explain
Perform the operation and write the result in standard form. (5-21)(3-31) Step 1 Use the distributive property. )(3-31) ( )(3-31)
If Lena deposited $ 1 comma 000 in cash into a chequing account, Part 2 A. Upper M 1 plus increased and Upper M 2 plus decreased. B. M1+ decreased and M2+ increased. C. Upper M 1 plus and Upper M 2...
How does the concept of bounded rationality affect managerial decision-making processes? Explain
What alkenes would you expect to be obtained from the acid-catalyzed dehydration of 1 hexanol?
Place a tick in the appropriate grid to identify the balance that would be brought down in each of the following named accounts, in the books of Rizwy Mohamed: (a) In the Cash account: if Rizwy...
Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a loss of $40,000. In addition, Goshawk has a short-term capital gain of...
In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, and a $75,000 passive activity loss. What is Plums taxable income for...
Joel is the sole shareholder of Manatee Corporation, a C corporation. Because Manatees sales have increased significantly over the last several years, Joel has determined that the corporation needs a...
SallyMay subscribes to an internet service provider that promised 40 megabytes per second (MB/s) of internet download speed when she signed on. Once the service was provided, she tested her download...
0.5 Let's work on Z and D values. In the graph below, what are the z-values for each of the curves shown? Can you draw (or explain) what the D-curve would look like at 87C? .6 1x9 9d of 2m992 16dW d...
For the rest of the problems, you will be given a pair of vectors v and win R", and you must find the following information: a) (3pt) The length ||v|| b) (3pt) The length ||w||| c) (3pt) The distance...

The following account appeared in the ledger of Marine Drive Stores: Explain each entry in this account

Question:

Central Wholesalers account Date Details Folio $ Date Details Folio $ 20-4 20-4 May 17 Returns 120 May 1 Balance b/d 180 20 Bank 300 10 Purchases 410 31 Balance c/d 170 590 590

Step by Step Answer:

Entry Date Particulars Amount Explanation Double Entry accoun...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

Related Video

Students also viewed these Business questions