The prime entry for the acquisition of a Cash Book, ledgers and a journal for 240 from

Question:

The prime entry for the acquisition of a Cash Book, ledgers and a journal for £240 from W. Smith Ltd on credit would be in the:

(a) Purchases Day Book

(b) Journal

(d) None of the above

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 31, 2023 02:27 AM

See More Questions

(ai) (b) (c) (d) (e) Let 27, 21, 9, 43, 37, 83, 123, 33 and 97 be the elements of an array A which represents a binary tree T such that for node A[i] in T, the leftson and rightson are A[21] and A[2i...
a. A not-for-profit clinic has the financial projections for its first year of operations. Revenue and variable costs presented are annual amounts based on the projected number of visits. Medical and...
Discuss the various ways federal, state, and local governments attempt to promote education as equality of opportunity. What are the some positives and negatives you see in the involvement of...
If I have a lump sum of $28,621 today, calculate the value of that lump sum 29 years in the future assuming earn 2.50% compounded annually on my investment?
Compare and contrast the characteristics of sole proprietorships, partnerships, corporations, S corporations, limited liability companies, and limited liability partnerships.
The airborne speeds in miles per hour of 21 planes are shown. Find the approximate values that correspond to the given percentiles by constructing a percentile graph. Class Frequency 366386.....4...
Journal entries for both buyer and seller periodic inventory system Non-GST version The following transactions relate to the businesses of C. Wynn and C. Vale. Both businesses use a periodic...
Gill Company, organized in 2014, has the following transactions related to intangible assets . Instructions Prepare the necessary entries to record these intangibles. All costs incurred were for...
1. An unpolarized light beam is incident on the polarizes of a polarization experiment and the intensity of light beam emerging from the analyzer is measured as 100 Lumens. Now, if the analyzer is...
The journal entry to account for the acquisition on credit of factory machinery from Millet plc should require which of the following: (a) Debit Machinery account and credit Cash account (b) Debit...
Which of the following statements is incorrect? In the double-entry accounting system maintained manually, a journal entry: (a) Should be substantiated by the appropriate voucher and authorised at...
Under what type of situations might a firm disguise itself as a going concern in its accounting reports [even if its business model does not convey the same]? How can the users of accounting...
Why would an accrual system help in the accurate computation of zakat?
How does the parent-company method modify the new-entity approach? What is the rationale for this modification?
Why are we attracted to certain people, and what progression do social relationships follow?
Can love be studied scientifically? Is there an elusive quality to love that makes it at least partially unknowable? How would you define falling in love? How would you study it?
Par Ltd. purchased 100% of the voting shares of Sub Ltd. for $1,400,000 on October 1, 2006. The balance sheet of Sub Ltd. at that date was: Required: Prepare the eliminating entry (or entries)...
Refer to the preceding facts for Presss acquisition of Simon common stock. Press uses the simple equity method to account for its investment in Simon. On January 1, 2013, Press held merchandise...
Find the image of x = k = const under w = 1/z. Use formulas similar to those in Example 1. y| y = 0 -21 -2 -1 -1, /1 12 T -1 -1 y= -2 x =0
Charlie Corporation acquired 100% of Delta Corporation common stock on July 1 of the current tax year. Prior to the acquisition, Delta supplied Charlie with about 50% of the raw materials and other...
Ted is the sole shareholder of Zero Corporation. Before his retirement from the company, he gave 100 shares of Zero stock to his son. A few months later, Ted sold his remaining 1,900 shares to Zero...
Beth in Case Study Problem I:16-76 also wants to know whether she can make a $50,000 capital contribution to the corporation without the corporations issuing additional shares. If so, should she have...
(a) Suppose one of two sorting algorithms (Algorithm A) works twice as fast in sorting 10 element-lists as the other (Algorithm B). Is that information enough to conclude that Algorithm A is the best...
________ (blank) antennas are the typical straight wire omnidirectional antennas found on most WAP's ?
For each proposition below, either i. use a case-based proof to demonstrate that the proposition holds or ii. Use a counterexample to demonstrate the proposition does not hold. (a) Assume x is an...

The prime entry for the acquisition of a Cash Book, ledgers and a journal for 240 from

Question:

Step by Step Answer:

Financial Accounting An Introduction

Students also viewed these Business questions