Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

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While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)

5 Answers  

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salary and rent entry with tds deduct

0 Answers   Matrix Adhesive Incorporation,

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What do you mean by Bank Reconciliation Statement(BRS)?

12 Answers   Syntel,

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accounting equation is what?

1 Answers  

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what is different between accouts receivable and billing?

1 Answers  

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: can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2010-11

2 Answers   Reliance,

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tally interest entry journal entry income expance entry

1 Answers  

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where is entry done in tally of cheque bounce ???? Journal, Payment, Receipt, Contra

2 Answers  

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whaT IS THE notional cash pooling

3 Answers   Genesis,

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Dear sir, previosly i worked with hospital there i maintain only accounts only in tally, but now iam change my company to manufacturing unit there they using accounts with inventory there when we open tally i finding more options why?

1 Answers  

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what are journal entry of vat in sale transaction with example.

1 Answers  

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