NKUHLU DEPARTMENT OF ACCOUNTING

Accounting for Attorneys

AAT323E
Tutorial 2

Requirements:
1. Students that contravene the rules in the General Prospectus of the University of Fort Hare will be
disciplined in accordance with the said rules.

2. Only handwritten scripts will be accepted. (No typed scripts will be accepted).

3. Tutorials are to be submitted by 17h00 on Sunday, 3 September 2023 via Black Board.

Question 1 – ABC Attorneys

YOU ARE REQUIRED TO:

1 Record the transactions given above for the month of October 2023 under the required headings on the
accounting equation analysis sheet attached. Show clearly what effect the transactions will have on the
equation - whether it will increase or decrease the affected section/s.

1
 2 Record the above transactions in the following journals:
 Business Cash Payments Journal
 Business Cash Receipts Journal
 Petty Cash Journal

Question 2

2
3
Accounting Equation

Assets = Equity + Liabilities

Furniture
Motor Stationery
Date Bank Trade Rec Law Library and Amount Descriptions Amount Descriptions
Vehicle Asset
Equipment

TOTAL - - - - - - - -

4
BUSINESS CASH PAYMENTS JOURNAL

Doc no Day Details Fol Sundries Salaries Petty Cash Bank

'

5
BUSINESS CASH RECEIPTS JOURNAL

Doc no Day Details Fol Sundries Client/Acc Rec Bank

6
PETTY CASH JOURNAL

Doc no Day Receipts Fol Total Day Payments Doc No. Total Cleaning material Stationery Sundry Fol Clients