On 3 1 December 2 0 . 2 , the end of the financial year for Kiyu

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

Question:

31

December

20.2,

the end of the financial year for Kiyu Traders, the total amount of unused packing material was R

4 500 .

The amount reflecting in the trial balance for packing material at year

-

end was R

6 000 .

The correct general ledger entries in the packing material account of Kiyu Stores on

31

December

202

are Time left

1

43

29

Instructions: First do the adjustment general ledger entries and then do your closing transfer general ledger entries. Use a full stop to indicate any decimals

(

eg:

1000.01)

Round off to the second decimal after the full stop

(

eg:

50.56)

Related Book For answer-question

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

See More Books

Posted Date: May 07, 2024 07:07 AM

See More Questions

Miss Sharon Depass is the Audit Supervisor who will be in charge of the audit of ABC Clean Ltd. Its year end was 31 July 2022 and the draft profit before tax is $156 million. The audit is due to...
(b) Reciprocals in F4 Find all F4 such that a x = 1: [This is the reciprical a -1 = 1 a x= of a in F4] Incorrect. (c) Square Roots in F4 Find all such that 2 = a: x= [This is the square root a of a...
Ten (10) independent situations are included for which you must indicate the appropriate audit report type: a) Indicate the condition (whether change in accounting principle, non-compliance with...
Robert is the owner of an automobile manufacturing company. He calls for a board meeting and tells his directors that he wants to build a car that lets the users experience power and exhilaration. He...
Representatives of Trackers and Coasters discuss the key terms of their agreement over several weeks. Finally, in a meeting they agree on price, quality, delivery, and terms of payment. Trackers...
Finding equilibria of nonlinear coupled differential equations requires solving nonlinear simultaneous equations that can have any number of solutions. For each of the following pairs, solve each...
A nursing home, which is linked to a large hospital, has been examining its budgetary control procedures, with particular reference to overhead costs. The level of activity in the facility is...
Suppose we need to predict the cost of maintenance for Brush Prairie High School for the upcoming school year. From the school district records we gather weekly data about costs and volumes for two...
CE 21-2 The Sanding Department of Kaiden Company has the following production and cost data for November. Production 1. Started and completed 9,000 units. 2. Started 3,000 units that are 75%...
A load is suspended on a rope. The load is lifted with an acceleration of 2 2 m / / s for the first time, and 8 8 m / / s for the second time. In the first case, the tension of the rope is equal to 9...
Explain the positive and negative aspects of speculation in financial markets.
what is a reason for using just one rate , a long term yield as the average cost of debt financing for a firm that has multiple issues of debt wtih varyiny maturities?
What recommendations can help her organize ideas in planning stage old writing step?
Based on analysis, deck-building business is best Only consider what is an added cost and different from current business, if shifting things from current business to new then do not include
How does risk management practices help organisations to prepare for unexpected events, help with financial planning, assist in effective utilisation and allocation of funds, improve profitability,...
The Litchenburger case discusses the third party doctrine. 1. What are your thoughts about a third party (family, friends) being able to share your information with the police? Should it be legal or...
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
Big Tree Petroleum incurs G&G costs of $21,000 for Project Area 12. Three areas of interest are identified. Detailed G&G is conducted on the areas of interest at the following costs: As a result of...
On January 1, 20XA, Rain Oil Corporation bought a developed lease for $300,000. During 20XA, Rain Oil Corporation incurred $600,000 of IDC on a successful well. Reserves of 400,000 barrels were...
Augusta Oil Corporation, an independent producer, began operations in June 20XA. During the first 2 years of operation, Augusta acquired only two U.S. properties, which were noncontiguous. Costs...

On 3 1 December 2 0 . 2 , the end of the financial year for Kiyu

Question:

Expert Answer:

Fundamental Accounting

Students also viewed these accounting questions