Sheila West commenced a retail outlet introducing as part of her capital Furniture 36,000, Motor vehicle 24,000,
Question:
Sheila West commenced a retail outlet introducing as part of her capital Furniture £36,000, Motor vehicle £24,000, Inventory £48,000 and Cash £4,000. She has arranged with her bank that the business would take over also her personal bank loan of £12,000.
Required:
Set out the prime entry for accounting for this transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Sundries To Sundries Furniture account Mot...View the full answer
Answered By
User l_980990
1. JAN 2016 – NOV 2022 UNIVERSITY OF NAIROBI
Position: Tutorial Fellow
Tasks:
- Lecturing Economics
-Supervising students projects and thesis
- Setting exams, marking and invigilation
- Research and publications
2. JAN 2014- DEC 2016 KENYA INSTITUTE FOR PUBLIC POLICY RESEARCH AND
ANALYSIS (KIPPRA)
Tasks:
- Data collection,
-coding and analysis
- Desk and field research
- Writing policy working and discussion papers in development, health,
education, poverty, and labour
- Writing workshop and conference papers
- Presentation of papers in workshops and in-house presentations at KIPPRA
0 Reviews
10+ Question Solved
Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
