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    The document contains summaries of 5 accounts - General Expenses, Rent and Rates, Motor Expenses, and Commission from April 30, 2012 to April 30, 2013. It shows the opening balance, transactions during the year including expenses paid and amounts received, and the closing balance for each account over this period.

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    The document contains summaries of 5 accounts - General Expenses, Rent and Rates, Motor Expenses, and Commission from April 30, 2012 to April 30, 2013. It shows the opening balance, transactions during the year including expenses paid and amounts received, and the closing balance for each account over this period.

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    4 views1 page

    Assignment

    Uploaded by

    body transformation
    The document contains summaries of 5 accounts - General Expenses, Rent and Rates, Motor Expenses, and Commission from April 30, 2012 to April 30, 2013. It shows the opening balance, transactions during the year including expenses paid and amounts received, and the closing balance for each account over this period.

    Copyright:

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

    Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)

    April 30, 2012 Opening Balance 1,450 1,450


    April 30, 2013 Purchases (Paid) 4,275 5,725
    April 30, 2013 Closing Balance 1,725 1,725
    Total 5,725 1,725
    General Expenses Account:
    Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)
    April 30, 2012 Opening Balance 320 320
    April 30, 2013 Expenses (Paid) 2,950 3,270
    April 30, 2013 Closing Balance 450 450
    Total 3,270 450
    Rent and Rates (Combined Account):
    Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)
    April 30, 2012 Opening Balance (Rent) 800 800
    April 30, 2012 Opening Balance (Rates) 1,800 1,800
    April 30, 2013 Rent (Paid) 19,450 21,250
    April 30, 2013 Rates (Paid) 21,250 0
    April 30, 2013 Rent (Paid in Advance) 1,250 1,250
    Total 21,250 21,250
    Motor Expenses Account:
    Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)
    April 30, 2012 Opening Balance 900 900
    April 30, 2013 Expenses (Paid) 23,750 24,650
    April 30, 2013 Closing Balance 1,875 1,875
    Total 24,650 1,875
    Commission Account:
    Date Description Debit (Kshs) Credit (Kshs) Balance (Kshs)
    April 30, 2012 Opening Balance 400 400
    April 30, 2013 Commission (Received) 4,250 4,650
    April 30, 2013 Closing Balance 725 725
    Total 4,650 725

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