Book Keeping Notes for Cambridge Senior Local With Examination Papers And One F

Cover Book Keeping Notes for Cambridge Senior Local With Examination Papers And One F
Book Keeping Notes for Cambridge Senior Local With Examination Papers And One F
H Logan Ramsey
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8d. In the . Received accordingly his cheque for . . . . . . 85 and wrote off the remainder of his account as a Bad Debt . . . . . . . . . . . . 1 70 31. Longsden drew half of his salary for the six months July-Dec. . . . . . . . . . . . . 100 Paid Wage 5 ? ^355, Rent for Dec. ^20 and Sundry Creditors ^4o . . 775 Received from the Alliance Insurance Company on account of Goods destroyed by fire on 27 December. . 250 All payments are made by cheque, and all amounts received are paid into the ban...k upon receipt. Stock in hand on 31 December, 1910, was valued at 5706.
(7) (Two hours. ) [Handwriting and neatness of work will be considered in awarding marks. } Messrs. Hide and Tanner are partners in a manufacturing busi- ness under the following agreement: 1. At the end of each half-year interest at the rate of 4 per cent. Per annum is to be added to the capital standing to the credit of each partner at the beginning of the half-year.
2. Depreciation is to be reckoned at the end of each year at the rate of 10 per cent, on Plant and Machinery and 5 per cent, on Premises.


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