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  • (Answers) Frank Wood's Business Accounting Tenth Edition 28.1

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    Daniel Pierre
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    The document contains accounting records for various expenses - motor expenses, insurance, stationery, business rates, and rent received - with details of cash and bank transactions, amounts owing or prepaid from the beginning and end of the year, and profit and loss amounts for the year ending December 31, 20X6. The records balance the debits and credits for each category of expenses.

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    The answers for Frank Wood's Business Accounting Tenth Edition , question 28.1

    Original Title

    [Answers] Frank Wood's Business Accounting Tenth Edition 28.1

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    The document contains accounting records for various expenses - motor expenses, insurance, stationery, business rates, and rent received - with details of cash and bank transactions, amounts owing or prepaid from the beginning and end of the year, and profit and loss amounts for the year ending December 31, 20X6. The records balance the debits and credits for each category of expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    178 views1 page

    (Answers) Frank Wood's Business Accounting Tenth Edition 28.1

    Uploaded by

    Daniel Pierre
    The document contains accounting records for various expenses - motor expenses, insurance, stationery, business rates, and rent received - with details of cash and bank transactions, amounts owing or prepaid from the beginning and end of the year, and profit and loss amounts for the year ending December 31, 20X6. The records balance the debits and credits for each category of expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Ex. 28.

    Motor Expenses
    Date Details $ Date Details $

    20X6 - - 20X6 - -

    Dec 31 Cash and Bank 819 Dec 31 Profit and Loss 913

    “ 31 Owing C/D 94

    913 913

    Insurance
    Date Details $ Date Details $

    20X6 - - 20X6 - -

    Dec 31 Cash and Bank 840 Dec 31 Prepaid C/D 68

    “ 31 Profit and Loss 772

    840 840

    Stationery
    Date Details $ Date Details $

    20X6 - - 20X6 - -

    Dec 31 Cash and Bank 370 Jan 1 Owing B/D 110

    “ 31 Owing C/D 245 Dec 31 Profit and Loss 505

    615 615

    Business Rates
    Date Details $ Date Details $

    20X6 - - 20X6 - -

    Jan 1 Prepaid B/D 140 Dec 31 Prepaid C/D 120

    Dec 31 Cash and Bank 1654 “ 31 Profit and Loss 1674

    1794 1794

    Rent Received
    Date Details $ Date Details $

    20X6 - - 20X6 - -

    Jan 1 Owing B/D 175 Dec 31 Cash and Bank 1400

    Dec 31 Profit and Loss 1410 “ 31 Owing C/D 185

    1585 1585

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