Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 0 Answers
- 1991 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?
sir, what is the tangible assets, intangible assets
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
What is the meaning of RTGS & its working ?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
what will be the journal entry-discount rs 2000 allowed to mr x.and discount received rs 2000 from mr x.actually i am confused that in the first entry both discount a/c and mr x a/c will be credited as per the accounting standards.please help experts.thanks
Is profit & loss account assets or liability?
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason
Differentiate public and private accounting?
The real meaning of Purchase
What is cash flow and fund flow?
Audit 
