The following balances were extracted from the books of Wekesa Traders on 31 December,2009.21/12/2020 The following balances were extracted from the books of Wekesa Traders on 31 December,2009.
Using the above information, prepare Wekesa Trader’s Trial Balance on 3 December, 2009. (5 marks)
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Given the statements in the table below, indicate the type of entry to be made in the relevant ledger accounts:
Entries to be made:
The following transactions were extracted from the books of Sarah Traders for the month of March 2006.
The trial balance of Zakayo Traders as at June 2008 is given below
During the month, the following transactions took place
2008
Expected Response
Outline the purpose of a trial balance as used in bookkeeping.
On 31 December 2005, Kiwa had accrued expenses of Sh.24,000. On 31st December,2006, the accrued expenses were Sh.30O00. In 2006 expenses paid for amounted to Sh. 85,000. Determine the expenses for the year 2006.State the type of ledger account to which each of the following accounts relates: (4 marks)13/12/2020 State the type of ledger account to which each of the following accounts relates:
(i) Nominal.
(ii) Nominal. (iii) Creditors/purchases ledger. (iv) Real/general ledger.
Identify the ledgers in which the following accounts are maintained. (5 marks)
Expected ResponseThe following balances were extracted from the books of Chebi Traders for the month ended 31 March 2005. Prepare trial balance of Chebi Traders for the month ended 31 March 2005.
Prepare trial balance of Chebi Traders for the month ended 31 March 2005.
The following information relates to Zawadi Traders rental income:
Prepare Zawadi Traders Rental income Account. (4 marks) Identify the types of ledger in which each of the following accounts would be found: (4 marks)23/11/2020
Identify the types of ledger in which each of the following accounts would be found: (4 marks)
Types of ledgers into which the accounts would be found are:
(a) Debtors ledger/Sales ledger. (b) Nominal ledger/General ledger. (c) Creditors ledger/Purchases ledger. (d) Cash book. The Trial Balance given below was extracted from the books of Rakwaro Enterprises on |
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