From the following statements which give the cumulative effects of indrvidual transactions, you are required to state as fully as possible what transaction has taken place in each case. That is, write descriptions similar to those given in questions The first column of data gives the opening position. Each of the other columns represents a transaction. It is these transactions (A-I) that you are to describe. I Transaction A B C D E F G H I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 188 110 110 110 110 110 110 110 93 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77 Cash 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Capital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 933 933 929 1,079 1,079 1,079 1.079 729 721 716 Note: the sign RS000 means that all the figures shown underneath it are in thousands of Rupees, e.g. Office Equipment book value is RS48 000 lt saves constantly witing out 000 after each fìgure, and is done to save time and make comparIson casiei
From the following statements which give the cumulative effects of indrvidual transactions, you are required to state as fully as possible what transaction has taken place in each case. That is, write descriptions similar to those given in questions The first column of data gives the opening position. Each of the other columns represents a transaction. It is these transactions (A-I) that you are to describe. I Transaction A B C D E F G H I RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000 Assets Land and buildings Motor vehicles 450 450 450 450 575 575 275 275 275 2 75 95 100 100 100 100 100 100 100 100 100 Office equipment 48 48 48 48 48 48 48 48 48 48 Stock Debtors 110 110 188 110 110 110 110 110 110 110 93 188 188 188 188 108 108 108 108 120 Bank 27 22 22 172 47 127 427 77 77 77 Cash 15 15 11 11 11 11 11 11 Total 933 933 929 1,079 1,079 1,079 1,079 729 721 716 Liabilities Capital Loan from Lee 621 621 621 621 621 621 621 621 621 616 200 200 200 350 350 350 350 Creditors 112 112 108 108 108 108 108 108 100 100 Total 933 933 929 1,079 1,079 1,079 1.079 729 721 716 Note: the sign RS000 means that all the figures shown underneath it are in thousands of Rupees, e.g. Office Equipment book value is RS48 000 lt saves constantly witing out 000 after each fìgure, and is done to save time and make comparIson casiei
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 13MCQ: Which of the following statements are true? A journal provides a chronological record of a...
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Transcribed Image Text:From the following statements which give the cumulative effects of individual transactions, you are
required to state as fully as possible what transaction has taken place in each case. That is, wTite
descriptions similar to those given in questions
The first column of data gives the opening position. Each of the other columns represents a transaction. It
is these transactions (A-I) that you are to describe.
Transaction:
A
В
C
D
F
I
RS000 RS00Q RS000 RS000 RS000 RS000 RS000 RS000 RS000 RS000
Assets
Land and buildings
Motor vehicles
450
450
450
450
575
575
275
275
275 2 75
95
100
100
100
100
100
100
100
100
100
Office equipment
48
48
48
48
48
48
48
48
48
48
Stock
Debtors
110
110
110
110
110
110
110
110
110
93
188
188
188
188
188
108
108
108
108
120
Bank
Cash
27
22
22
172
47
127
427
77
77
77
15
15
11
11
11
11
11
11
Total
933
933
929
1,079
1,079 1,079
1,079
729
721
716
Liabilities
Сapital
Loan from Lee
621
621
621
621
621
621
621
621
621
616
200
200
200
350
350
350
350
Creditors
112
112
108
108
108
108
108
108
100
100
Total
933
933
929
1,079
1,079
1,079 1,079
729
721
716
Note: the sign RS000 means that all the figures shown underneath it ae in thousands of Rupees, e.g.
Office Equipment book value is RS48,000 It saves constantly witing out 000 after each figure, and is
done to save time and make comparison easie
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