the following is the trail balance of Ksmooth as at 31st march 2002. Draw up a set of final accounts for the year ended 31st March 2002. Dr Cr Stock 1st April 2001 1,816,000 sales 9,234,000 purchase 6,918,500
the following is the trail balance of Ksmooth as at 31st march 2002. Draw up a set of final accounts for the year ended 31st March 2002. Dr Cr Stock 1st April 2001 1,816,000 sales 9,234,000 purchase 6,918,500
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
Related questions
Question
the following is the trail balance of Ksmooth as at 31st march 2002. Draw up a set of
Dr | Cr | |
Stock 1st April 2001 | 1,816,000 | |
sales | 9,234,000 | |
purchase | 6,918,500 | |
carriage inwards | 42000 | |
carriage outwards | 157000 | |
Returns outwards | 64,000 | |
wages and salaries | 1,024,000 | |
rent and rates | 301,500 | |
communication expenses | 62400 | |
commisions payable | 21600 | |
insurance | 40500 | |
sundry expenses | 31800 | |
buildings | 2,000,000 | |
debtors | 1,432,000 | |
creditors | 816,000 | |
fixtures | 285000 | |
cash at bank | 27000 | |
cash in hand | 11500 | |
drawings | 762,000 | |
capital | 5,088,800 | |
152,028 | 152028 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College