The following trail balance relates to Chui Traders as at 31st December, 2014.
Required
Prepare Trading, Profit and Loss Account. (10 marks) Expected Response
0 Comments
Cheru Traders does not keep a complete set of books of accounts. The following information was extracted from her books of accounts.
During the year, cash received from debtors was sh. 1,400,000 while cash paid to creditors amounted to sh. 2,000,000. Cash sales were for Sh. 250,000 while cash purchases amounted to sh. 320,000. Carriage inwards was for sh. 46,000.
Other relevant information. - Returns inwards were Sh. 42,000. - Cheru had taken goods amounting to sh. 50,000 for personal use. i) Determine total sales. ii) Determine total purchases. iii) Prepare Trading Account for the period ended 31 December 2005. The following trial balance was extracted from the books of Fula Traders on 31st December 2005.10/12/2020 The following trial balance was extracted from the books of Fula Traders on 31st December 2005.
Additional information
- Stock on 31 December 2005 was valued at sh. 60,000 - Depreciation to be provided for as follows: Motor Vehicle 20% p.a on Cost Furniture 10% p.a on cost Prepare: i) Trading, profit and Loss Account for the year ended 31 December 2005. ii) Balance Sheet as at 31 December 2005.
The following information relates to Kahawa Traders as at 31st December 2012.
Expected ResponseStudy the table below and calculate the values represented by the letters a, b, c and d.(4marks)8/12/2020 Study the table below and calculate the values represented by the letters a, b, c and d.
The following balances were extracted from the books of Chombo Wholesalers for the year ended 31 Dec 2005.
Calculate
a) margin b) Current ratio c) Rate of stock turnover (4mks) The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013.29/11/2020 The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013. Expected ResponseThe following opening balances were extracted from the books of Mageta Traders on 1 July 2016:24/11/2020
The following transactions took place in the course of the month:
Expected ResponseThe following information was extracted from the books of Kisababu Traders on 31 December 2014:24/11/2020
The following information was extracted from the books of Kisababu Traders on 31 December 2014:
Required:
Watamu Enterprises had the following assets and liabilities on 1st May 2014:
The following transactions took place on 2nd May 2014:
The following information was extracted from the books of Leila Traders on 31st July 2016:22/11/2020 The following information was extracted from the books of Leila Traders on 31st July 2016: |
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