Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please can you answer the question? to the financ

please can you answer the question? to the financial statements and the balances carried...

60.1K

Verified Solution

Question

Accounting

please can you answer the question?image

to the financial statements and the balances carried down to the next year for the following: (a) Stationery: Paid in the year to 30 June 2020 240; Inventory of stationery at 30 June 2019 60; at 30 June 2020 95. (b) General expenses: Paid in the year to 30 June 2020 470; Owing at 30 June 2019 32; Owing at 30 June 2020 60. (c) Rent and business rates (combined account): Paid in the year to 30 June 2020 5,410; Rent owing at 30 June 2019 220; Rent paid in advance at 30 June 2020 370; Business rates owing 30 June 2019 191; Business rates owing 30 June 2020 393. (d) Motor expenses: Paid in the year to 30 June 2020 1,410; Owing as at 30 June 2019 92; Owing as at 30 June 2020 67. (e) Hope earns commission from the sales of one item. Received in the year to 30 June 2020 1,100; Owing at 30 June 2019 50; Owing at 30 June 2020 82

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

Chemistry
1.2K views

The arsenic in a 1.27 g sample of a pesticide was converted to AsO3−4 by suitable...

Basic Math
1.2K views

Market research has indicated that customers are likely to bypass Roma tomatoes that weigh less than...

General Management
1.2K views

For "Starbucks U.K. Tax Scandal" Explain related legislation's in 300 words

Advance Math
1.2K views

A company manufactures Products A, B, and C. Each product is processed in three departments: I,...

Physics
1.2K views

The curve represents the distribution of potential along the straight line joining the two charges...

Physics
1.2K views

om rest and undergoes an acceleration 131 A particle as shown in figure The velocity...

Statistics
1.2K views

The average weight in pounds of boys who are three years old or younger can...

Calculus
1.2K views

Show that f n 13 23 n is O n4 For the t

Accounting
1.2K views

3. A corporation prepared its statement...

Accounting
1.2K views

What is Pizza Inc.s strategy? List Pizza Inc.s Key Processes: 1) 2) 3)...

Accounting
1.2K views

Continuing Problem Rocall the following details about the two employees hired in November CPP is...

Accounting
1.2K views

I need formulas and calculations QUESTION 1 20 points Carty buys a 25-year annuity...