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A = C + L
Capital = Assets - Liabilities
C = (FA + CA) – (Creditors + 4year bank loan)
C = 310,000 – 185,000 = 125,000
Kavungya answered the question on September 26, 2019 at 10:41
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Date posted: September 26, 2019. Answers (1)
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During month, the following transactions took place:
2011
June 2...(Solved)
On 1st June 2011, Nyati Traders had cash in hand of sh25,000 and sh56,200 at bank.
During month, the following transactions took place:
2011
June 2 Cash sales, sh42,000.
June 5 Received a cheque of sh70,500 from Butala Traders after deducting a 6% cash discount.
June 8 Paid salaries, sh24,000 in cash
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June 12 Cash sales sh46,500.
June 18 Paid Tuiei's debt of sh l00,000 by cheque after deducting 5% cash discount.
June 24 Withdrew sh26,000 from the bank for office use.
June 30 Banked all the cash except sh25,000.
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Date posted: September 26, 2019. Answers (1)
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...(Solved)
The following balances relate to Msafiri Traders as at 31st December, 2012:
Sh.
Purchases 900,000
Stock, 1/1/2012 230,000
Buildings 1,200,000
Motor vehicles 750,000
Returns outwards 50,000
Debtors 190,000
Creditors 310,000
Loan from IDB 600,000
Cash at hand 130,000
Cash at bank 270,000
Drawings 100,000
Capital 1,840,000
Net profit 170,000
Stock, 31/12/2012 280,000
Expenses (including carriage inwards, shs 150,000) 250,000
REQUIRED:
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Date posted: September 26, 2019. Answers (1)
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YEAR ...(Solved)
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2010 65
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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June...(Solved)
On 1st June 2009, MULI ENTERPRISES had cash in hand sh. 87,000 and cash at bank
sh. 250,000.During the month, the following transactions took place.
June 2, Sales (cash) sh. 50,000
June 3, Paid salaries sh.101, 500 by cheque.
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June 21, Paid wages shs 24,000 in cash.
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June 25, Withdrew shs 5000 cash for private use.
June 28, Received shs 16500 cash from Kasiva in settlement of her account less shs 660 cash discount.
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Date posted: September 26, 2019. Answers (1)
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Date posted: September 26, 2019. Answers (1)
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Additional information:-
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Prepare NDOLO’S STORES; Trading, profit and...(Solved)
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Additional information:-
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Date posted: September 26, 2019. Answers (1)