Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer these in 2 hour thankyou for questions 9

answer these in 2 hour thankyou For Questions 9 24, please show...

70.2K

Verified Solution

Question

Accounting

image

answer these in 2 hour thankyou

For Questions 9 24, please show your workings in the tables provided: QUESTION 9 Sales (including sales tax) amounted to 91,200, and purchases (excluding sales tax) amounted to 46,000. What is the balance on the sales tax account, assuming all items are subject to sales tax at 20%? WORKINGS: ANSWER: (2 marks) QUESTION 10 A double entry posting has been completed incorrectly. Tony and Smith Ltd's receivable account has been debited a sale of 900 when it should have been debited to Tony and Guy Ltd's receivable account. How can this error be rectified with the use of a journal system? ANSWER: (2 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students