Bookkeeping Excercises for Accountant Students
Bookkeeping Excercises for Accountant Students
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The following are the particulars : — Freehold Premises, Boilers, Engine and Fixed Machinery Loose Plant, Tools and Implements Stock-in-Trade Office Furniture and Fixtures Brought forward £7,500 2.500 4,000 60 £14,060 Book Debts Eeceivable £3,800 Less Allowance for Discounts . . . £190 ,, ,, for risk of loss .. . 210 400 Total Agreed to be added for estimated profit from June 30th to Sept. 30th, three months Deduct Liabilities, being amount of credit balances as shown by the Ledgers Leaving amo...unt of Purchase Money 3,400 17,460 500 17,960 2,060 £15,900 60 BOOKKEEPING EXERCISES.
On the 30th September 1893 A. B. & Co. opened a banking account, and each partner paid in £4,000. A cheque for £11,900 was drawn and paid to the executors on account of the purchase money, a joint and several promissory note of the partners being given for the balance. Make out a Balance Sheet as on the 30th June 1893, also open and write up in the new firm's Private Ledger the accounts necessary to show the result of the transactions which took place on the 30th of September.
What to read after Bookkeeping Excercises for Accountant Students?
You can find similar books in the "Read Also" column, or choose other free books by Lawrence Robert Dicksee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The following are the particulars : — Freehold Premises, Boilers, Engine and Fixed Machinery Loose Plant, Tools and Implements Stock-in-Trade Office Furniture and Fixtures Brought forward £7,500 2.500 4,000 60 £14,060 Book Debts Eeceivable £3,800 Less Allowance for Discounts . . . £190 ,, ,, for risk of loss .. . 210 400 Total Agreed to be added for estimated profit from June 30th to Sept. 30th, three months Deduct Liabilities, being amount of credit balances as shown by the Ledgers Leaving amo...unt of Purchase Money 3,400 17,460 500 17,960 2,060 £15,900 60 BOOKKEEPING EXERCISES.
On the 30th September 1893 A. B. & Co. opened a banking account, and each partner paid in £4,000. A cheque for £11,900 was drawn and paid to the executors on account of the purchase money, a joint and several promissory note of the partners being given for the balance. Make out a Balance Sheet as on the 30th June 1893, also open and write up in the new firm's Private Ledger the accounts necessary to show the result of the transactions which took place on the 30th of September.
What to read after Bookkeeping Excercises for Accountant Students?
You can find similar books in the "Read Also" column, or choose other free books by Lawrence Robert Dicksee to read onlineMoreLess
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