Gillys gross profit for the year ended 31 December 20*8 is 123,902. Gilly sublets part of her

Question:

Gilly’s gross profit for the year ended 31 December 20*8 is £123,902. Gilly sublets part of her premises at an annual rental of £3,900. At the financial year-end 31 December 20*8, Gilly’s tenant owes £225 for three weeks’ unpaid rent.

Fill in the missing amounts in her final accounts.

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

Step by Step Answer:

Related Book For book-img-for-question

Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

See More Books

Question Posted: Aug 23, 2023 04:39 AM

See More Questions

The summarized statements for the year ended 31 December 2007 for Mat, Rug and P entities are as follows: Statements of comprehensive income for the year ended 31 December 2007 The following...
The trial balance for LPO at 31 December 2013 was as follows: Notes: (i) Closing inventory at 31 December 2013 was $562,000. (ii) On 31 December 2013, LPO disposed of some obsolete plant and...
Ralph, aged 36, and Danielle, aged 33 are married for many years. The couple are jointly assessed for income tax purposes and have provided you with the following information: Ralph Ralph has been...
On December 31, 2021, Tiny Tims Tech, Inc. a private company who follows ASPE, leased a colour copier from Cory Copy Corporation at a price of $479,079. The lease agreement specifies annual payments...
Jedren Corporation has 30,000 shares of $75 par value, 10%, preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2014. Instructions Answer the questions in each...
Suppose there are only two people, Simon and Charity, who must split a fixed income of $ 100. For Simon, the marginal utility of income is MUs = 400 -2Is whereas for Charity, marginal utility is MUc...
A proton has mass $m_{p}$ and charge $+e$. The force it exerts on another proton at a distance $r$ is given by $F(r)=\frac{1}{4 \pi \in_{0}} \frac{e^{2}}{r^{2}}$ where \(\frac{1}{4 \pi...
The following facts pertain to a noncancelable lease agreement between Faldo Leasing Company and Vance Company, a lessee. Inception date January .. 1, 2012 Annual lease payment due at the beginning...
Which one of the metal atoms whose electronic structure given below forms a nitrate of the type M(NO3)2? 37 A. 2.8.0 B. 2.8.1 C. 2.8.2 D. 2.8.3
Ben Trent provides the following trial balance extracted from his books of account on 31 March 20*8, after his first year of trading: Additional information at 31 March 20*8: stock was valued at...
Malcolms gross profit for the year ended 30 November 20*8 is 72,385. Malcolm works on a commission basis for Hijah Ltd. He earns 10% commission on all goods sold. Sales of goods received from Hijah...
What is nonstandard work and what part does technology play in encouraging these types of jobs and employment?
what ways do debates surrounding globalization intersect with discussions about cultural imperialism, economic imperialism, and the power dynamics between global North and global South countries, and...
Lisa is a self-employed editor and frequently takes her clients golfing. Her country club membership is $520 yearly and she spent $2,100 on golf fees. Business was discussed at each golf outing. How...
discuss the cultural dimensions of globalization, including the spread of Western cultural values, the homogenization of consumer preferences, and the emergence of hybrid cultural forms and...
Background Your company has been asked by a developer to estimate the construction cost for 10 residence houses. The site area is 4000m. The proposed development is in its conceptual design stage....
(2 pts) For a 5 cm grating, how many lines per millimeter would be required for the first-order diffraction line for = 500 nm to be observed at a reflection angle of 5 o when the angle of incidence...
One high- temperature superconductor has the general formula YBa2Cu3Ox. The copper is a mixture of Cu(II) and Cu(III) oxidation states. This mixture of oxidation states appears vital for high...
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
In the current year, Woodpecker, Inc., a C corporation with $8.5 million in assets, deducted amortization of $40,000 on its financial statements and $55,000 on its Federal tax return. Is Woodpecker...
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $40,000 of net active income, $15,000 of portfolio income, and a $45,000 loss from a passive activity. Compute...
Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a. Amber Corporation donated inventory of clothing (basis of $24,000, fair...
What would the nurse need to document for each of the clients she is caring for? 3) Discuss the communication between the nurse and patient, and the nurse and family member, would you have...
1. [10 points] If the current rates of deforestation and fossil fuel consumption continue, the amount of atmospheric carbon dioxide in parts per million will be given by f(x) = 375.00609x, where x =...
Find f'(x) and simplify. f(x) = X x+12

Gillys gross profit for the year ended 31 December 20*8 is 123,902. Gilly sublets part of her

Question:

Step by Step Answer:

Sometimes commission receivable and rent receivable may be paid in ad...View the full answer

Introducing Accounting For AS

Students also viewed these Business questions