QUESTION 1 From the table below which gives the effects of individual transactions, you are required...

 

  

Transcribed Image Text:

QUESTION 1 From the table below which gives the effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. Assets GHC A B C D E *** '000 GHC '000 GHC '000 GHC '000 GHC '000 GHC '000 Furniture 900 900 900 900 1150 1150 and fittings Motor van 190 200 200 200 200 200 Office 96 96 96 96 96 96 equipment Inventory 220 220 220 220 220 220 Debtors 376 376 376 376 376 216 Bank 54 44 44 344 94 254 Cash 130 30 22 22 22 22 22 1,866 1,866 1,858 2,158 2,158 2,158 Capital and Liabilities Capital 1242 1242 1242 1242 1242 1242 Loan 500 400 400 700 700 700 Creditors 224 224 216 216 216 216 1,866 1,866 1,858 2,158 2,158 2,158 20 marks QUESTION 1 From the table below which gives the effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. Assets GHC A B C D E *** '000 GHC '000 GHC '000 GHC '000 GHC '000 GHC '000 Furniture 900 900 900 900 1150 1150 and fittings Motor van 190 200 200 200 200 200 Office 96 96 96 96 96 96 equipment Inventory 220 220 220 220 220 220 Debtors 376 376 376 376 376 216 Bank 54 44 44 344 94 254 Cash 130 30 22 22 22 22 22 1,866 1,866 1,858 2,158 2,158 2,158 Capital and Liabilities Capital 1242 1242 1242 1242 1242 1242 Loan 500 400 400 700 700 700 Creditors 224 224 216 216 216 216 1,866 1,866 1,858 2,158 2,158 2,158 20 marks

Answer rating: 100% (QA)

To determine the transaction that has taken place in each case from the effects on assets and capita... View the full answer