Business, 18.05.2020 20:57 audreywizzy

3
EXERCISE 1
Amina gives the following information in related to her business for the month of March 2020;
2020
Mar Started business with MVR100,000 in the business bank account.
2 Purchased equipment by cheque, MVR10000.
4 Bought goods on credit from Ali, MVR1700.
7 Sold goods for cash, MVR2000.
11 Paid a cheque to Ali in settlement of his account of MVR1700.
25 Paid rent of premise by cheque, MVR 2000.
30 Deposited MVR1000 into bank account.
REQUIRED:
Write up the two-column cashbook and balance it off at the end of the month and bring down the
balance at 1 April 2020.
ANSWER:
CR
DR
Fathima
Two-Column cashbook
Cash Bank 2020 Details (Payments)
Cash
Bank
2020
Details (Receipts)
MVR
MVR
MVR
MVR
Mar
Mar

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 01:00

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

Answers: 2

Answer

Business, 22.06.2019 11:00

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Answers: 2

Answer

Business, 22.06.2019 11:20

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Answers: 1

Answer

Business, 22.06.2019 15:00

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Answers: 2

Answer

You know the right answer?

3
EXERCISE 1
Amina gives the following information in related to her business for the mont...

Questions