As the bookkeeper, identify the account to which you will post following transactions recorded by the cashier

Question:

As the bookkeeper, identify the account to which you will post following transactions recorded by the cashier in the Cash account:

(a) £300 paid to buy a Cash Book and a ledger

(b) £15,000 paid to acquire a lorry for business use

(d) £400 paid for servicing the business lorry

(e) £10,000 received as capital from Joe Gardiner, the proprietor of the shop

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 26, 2023 07:27 AM

See More Questions

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The core problem of a command-and-control approach to environmental policy is its inherent bias or tendency to standard-setting practice that is uniformly applicable to all situations. For example,...
An airplane propeller with blades 2.00 m long is rotating at 1150 rpm. (a) Express its angular speed in rad/s. (b) Find its angular displacement in 4.00 s. (c) Find the linear speed (in m/s) of a...
The total cost for a production process is equal to $1,000 plus two times the number of units produced. The mean and variance for the number of units produced are 500 and 900, respectively. Find the...
BlackBerry Ltd. has a target current ratio of 2.0 but has experienced some difficulties financing its expanding sales in the past few months. At present, the firm has current assets of $750,000 and a...
Compare Norms recollection of the divisions productivity gains between 1985 and 1989 to Exhibit 2. Explain the inconsistency. MINI CASE As Norm St. Laurent, operations manager for Oilwell Cable...
At a fundamental level, all input ( as well as output ) is done on a character - by - character basis. A . True B . False
Tick one of the grids on the right to state whether each of the following transactions will increase, reduce or make no change to the total cash a business has both in hand and at bank: (a) Deposited...
If a business commenced the day with 14,200, paid out 58,900 during the day and has 22,900 by the end of the day, it should have received during the day: (a) 1,400 (b) 21,800 (c) 50,200 (d) 67,600
Plutonium-236 is an alpha emitter with a half-life of 2.86 years. If a sample initially contains 1.35 mg of Pu-236, what mass of Pu-236 is present after 5.00 years? SORT You are given the initial...
The monthly payment in the loan here is influenced by 3 variables: the amount borrowed, the loan's interest rate, and the term. What is the nature of the relationship between each of these variables...
Why might organizations choose a performance management process over a performance appraisal system?
List and Explain the advantages and disadvantages of using Computer Based Payroll Processing system.
Why are new products very important to the long-term success of a company? What are the differences between breakthrough new products and incremental new products? Provide examples of both types of...
What is Corporate Governance? (4 marks). Why do you think the ASX's Corporate Governance Principles and Recommendations are important? (4 marks) Explain by discussing 3 Principles which are...
The probability that more than 20 people want to see the marriage tax penalty abolished A discrete random variable is given. Assume the probability of the random variable will be approximated using...
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
Construction companies often use the percentage-of-completion method. Why doesnt a typical manufacturing firm use this method of income recognition?
Both the installment method and the cost recovery method recognize revenue when a firm collects cash. Why, then, does the pattern of income (that is, revenues minus expenses) over time differ under...
When the total amount of cash that a firm expects to collect from a customer is highly uncertain, the cost recovery method seems more appropriate than the installment method. Explain.
Provided below are summary statistics for independent simple random samples from two populations. Use the pooled t-test and the pooled t-interval procedure to conduct the required hypothesis test and...
Writing a long paper and just need help and another persons thoughts. What are some patterns of dependence happening in a workplace? How might power bases influence the workplace? Where and what is...
The graph shows the US Department of Labor noise regulation for working without ear protection. A machinist is in an environment where the ambient sound level is of 85 dB, i.e., corresponding to the...

As the bookkeeper, identify the account to which you will post following transactions recorded by the cashier

Question:

x Purchases account y Accounting books account z Stationery account

Step by Step Answer:

a z...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions