From the following information in Trial balance prepare Profit and Loss Account and (15 marks) Dr....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following information in Trial balance prepare Profit and Loss Account and (15 marks) Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Particulars Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in Hand Salaries General Expenses Discount received Commission received Drawings Wages Carriage on Purchases Creditors Debtors Machinery Furniture Land and Building Bank Loan Closing Stock is 200,000 dhs 150,000 15,000 90,000 64,000 30,000 20,000 5,000 10,000 4,000 140,000 180,000 50,000 200,000 958,000 8,000 300,000 20,000 30,000 100,000 200,000 958,000 From the following information in Trial balance prepare Profit and Loss Account and (15 marks) Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Particulars Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in Hand Salaries General Expenses Discount received Commission received Drawings Wages Carriage on Purchases Creditors Debtors Machinery Furniture Land and Building Bank Loan Closing Stock is 200,000 dhs 150,000 15,000 90,000 64,000 30,000 20,000 5,000 10,000 4,000 140,000 180,000 50,000 200,000 958,000 8,000 300,000 20,000 30,000 100,000 200,000 958,000
Expert Answer:
Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
Posted Date:
Students also viewed these accounting questions
-
Prepare a common-size balance sheet from the following information for Abercrombie Supply Company. Abercrombie Supply Company Balance Sheet as of June 30, 2014(S thousands) Assets: Cash and...
-
Prepare a common-size balance sheet from the following information for Abercrombie Supply Company. Abercrombie Supply Company Balance Sheet as of June 30, 2013(in $ thousands) Liabilities and Equity...
-
Prepare a common-size balance sheet from the following information for Abercrombie Supply Company. Abercrombie Supply Company Balance Sheet as of June 30, 2017 ($ thousands) Liabilities and Equity:...
-
The value of a dirt bike decreases by 25% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?
-
Lucky, Inc., began 2010 with $87,000 in cash. During 2010, Lucky earned net income of $410,000, and adjustments to reconcile net income to net cash provided by operations totaled $70,000, a positive...
-
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit...
-
What is a codebook and what is it used for?
-
Yoto Heavy Industrial uses ten units of Part No. T305 each month in the production of large diesel engines. The cost to manufacture one unit of T305 is presented below: Direct material...
-
1. Determine the Vave from 0 sec to 3 sec. 2. Determine the Vinst at t= 2 sec. 3. Explain why the answers to questions #1 and #2 are equal. 4. Determine the Vinst at t = 10 sec. 5. Determine the...
-
Air containing 1.6 vol% sulfur dioxide is scrubbed with pure water in a packed column of 1.5-m2 cross-sectional area and 3.5-m height packed with no. 2 plastic Super Intalox saddles, at a pressure of...
-
A cattle ranch started last year with $64000 in its cash account. Within the year, all the events that affected cash are summarized in the following table: Cash paid for operating expenses $210,000...
-
Read the code segment and fill in blank #25. 1. preLoc 2. location 3. predLoc->next 4. location->next 5. answer not shown 4 Class Unsorted Type { public: //all the prototypes go here. private: int...
-
Write a class based on class UnsortedType as an unbounded array-based implementation. If the dynamically allocated array is full, create an array double the size and move the elements into it.
-
Name two visual tools used by software developers.
-
Explain what we mean by ideaware.
-
Read the code segment and fill in blank #26. 1. predLoc == NULL 2. location == NULL 3. predLoc == location 4. predLoc->next == NULL 5. answer not shown 4 Class Unsorted Type { public: //all the...
-
ABC company is considering a project with an initial investment of $1500 followed by a cash inflow of $500, $750, and $880 in the next three years. This project has a discount rate of 15%. The CFO is...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
From the trial balance of Hugo's Cleaners in Figure 2.5, prepare the following for July: 1. Income statement 2. Statement of owner's equity 3. Balance sheet HUGO'S CLEANERS TRIAL BALANCE JULY 31,...
-
From Concept Check 6, record a journal entry for the first semiannual interest payment on October 1. In Concept Check 6, Facts: Bond issue: $200,000, 5%, 5-year bonds; selling price of bonds...
-
From the following, prepare a schedule of accounts receivable for Lucky Co. for May 31, 201X. Accounts Receivable Subsidiary Ledger Jarad Co. Dr. Cr. General Ledger Accounts Receivable Dr. Cr. 147 12...
-
Which of the following approaches is used to study management? Art Process Science Profession
-
Management is Ongoing process Social process Integrated process All the above
-
Which is the correct order for the process of management? Planning, organizing, staffing, directing, and controlling Planning, organizing, directing, staffing, and controlling Planning,...
Study smarter with the SolutionInn App