Answer / lxmi1972

AS--- means "Accounting Statndards"

Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

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GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

0 Answers   IBM,

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using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

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what are the General Ledger (G L)Accounts?

3 Answers  

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Transport expense were reimbursed by the supplier Pass journal entry

1 Answers   Satyaki Educational Academy,

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What is the difference between an Invoice and a Proforma Invoice?

1 Answers  

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What is difference vat

0 Answers   Hitachi,

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What do you find most satisfying about this job?

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I m considering BASIC + DA at the time of calculating EPF. Is it the right procedure?

2 Answers  

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MEANING OF RED HERRITING

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Dear Sir, We are operating a Security Agency, Please suggest us how to calculate holidays & Overtime duty, where we take 12 hrs, duty from guards in place of 08 hrs. duty. Please suggest us how to calculate. thanking you, suman

1 Answers  

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Why an Expenditure is called Differed?

0 Answers   Accenture,

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