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Required:- (i) Sales day book and explain why some entries are not recorded (ii) Respective ledger account entries

Required:- (i) Sales day book and explain why some entries are not recorded (ii) Respective ledger account entries

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.3C
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TAKE AWAY CAX New tab X G Personal Clour X om/u/0/c/NDcwOTU3MTc5OTMx/a/NTM1NDk2MTY4ODQx/details credited to drawings. (10 Marks) 1st March, 2020 4th March, 2020 5th March, 2020 10th March, 2020 12th March, 2020 30th March, 2020 My Drive - Go X Open with Google Docs b) The following transaction were extracted from the books of Barikiwa Enterprises for the months of March 2020. Q google drive X G Personal Clou Sold goods on credit to Musyoka Kshs. 250,000 Sold goods on cash to James Kshs. 15,000 Sold goods on credit to Wamalwa Kshs 39,000 Sold goods on credit to Cosmo Enterprise Kshs 110,000 Sold goods on credit to Breeze land Kshs 35,000 Sold goods on credit to Atieno Kshs 50,000 Required:- (i) Sales day book and explain why some entries are not recorded (ii) Respective ledger account entries W
Transcribed Image Text:TAKE AWAY CAX New tab X G Personal Clour X om/u/0/c/NDcwOTU3MTc5OTMx/a/NTM1NDk2MTY4ODQx/details credited to drawings. (10 Marks) 1st March, 2020 4th March, 2020 5th March, 2020 10th March, 2020 12th March, 2020 30th March, 2020 My Drive - Go X Open with Google Docs b) The following transaction were extracted from the books of Barikiwa Enterprises for the months of March 2020. Q google drive X G Personal Clou Sold goods on credit to Musyoka Kshs. 250,000 Sold goods on cash to James Kshs. 15,000 Sold goods on credit to Wamalwa Kshs 39,000 Sold goods on credit to Cosmo Enterprise Kshs 110,000 Sold goods on credit to Breeze land Kshs 35,000 Sold goods on credit to Atieno Kshs 50,000 Required:- (i) Sales day book and explain why some entries are not recorded (ii) Respective ledger account entries W
WAY C X New tab X G Personal Clour X NOTU3MTc5OTMx/a/NTM1NDk2MTY4ODQx/details MANAGEMENT My Drive - Go X QUESTION ONE LPD 109-FUNDAMENTALS OF ACCOUNTING TAKE-AWAY CAT: DUE ON 3rd JULY2022 ALL QUESTIONS ARE COMPULSORY Q google drive x G Personal Clou X a). Write the journal entries to correct the following errors. (1) Rent Received Kshs. 430,000 have been credited to the Commissions Received account. (2) Bank charges Kshs. 34,000 have been debited to the Business Rates account. (3) Completely omitted from the books is a payment of Motor Expenses by cheque Kshs. 37,000. (4) A purchase of a fax machine Kshs. 242,000 has been entered in the Purchases account. (5) Returns inwards Kshs. 216,000 has been entered on the debit side of the Returns Outwards account. (6) A loan from G Bain Kshs. 2,000,000 has been entered on the credit side of the Capital account. W (7) Loan interest of Kshs. 400,000 has been debited to the Van account. (8) Goods taken for own use Kshs. 84,000 have been debited to the Purchases account and
Transcribed Image Text:WAY C X New tab X G Personal Clour X NOTU3MTc5OTMx/a/NTM1NDk2MTY4ODQx/details MANAGEMENT My Drive - Go X QUESTION ONE LPD 109-FUNDAMENTALS OF ACCOUNTING TAKE-AWAY CAT: DUE ON 3rd JULY2022 ALL QUESTIONS ARE COMPULSORY Q google drive x G Personal Clou X a). Write the journal entries to correct the following errors. (1) Rent Received Kshs. 430,000 have been credited to the Commissions Received account. (2) Bank charges Kshs. 34,000 have been debited to the Business Rates account. (3) Completely omitted from the books is a payment of Motor Expenses by cheque Kshs. 37,000. (4) A purchase of a fax machine Kshs. 242,000 has been entered in the Purchases account. (5) Returns inwards Kshs. 216,000 has been entered on the debit side of the Returns Outwards account. (6) A loan from G Bain Kshs. 2,000,000 has been entered on the credit side of the Capital account. W (7) Loan interest of Kshs. 400,000 has been debited to the Van account. (8) Goods taken for own use Kshs. 84,000 have been debited to the Purchases account and
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