Accounting for Business Decision

Accounting for business decision

Table of Contents
WEEK 6...........................................................................................................................................1
WEEK 7...........................................................................................................................................1
a)..................................................................................................................................................1
b).................................................................................................................................................1
c)..................................................................................................................................................2
d).................................................................................................................................................2
WEEK 8...........................................................................................................................................2
a)..................................................................................................................................................2
b).................................................................................................................................................3
c)..................................................................................................................................................3
Week 9.............................................................................................................................................4
a. .................................................................................................................................................4
b...................................................................................................................................................4
Week 10...........................................................................................................................................5
a...................................................................................................................................................5
b...................................................................................................................................................6
c...................................................................................................................................................7

WEEK 6
Particulars
Debit Credit
a)
Purchases x
To Accounts Payable x
b)
Accounts Receivable x
To Sales x
c)
Cash x
To Accounts Receivables x
d)
Rent x
To Bank x
e)
Profit or loss x
To Retained Earnings x
WEEK 7
a)
Cash Receipts Amount Cash Payment Amount
Balance 292704 Balance 265074
Credit for ETF 644
Account &
Transaction fees 120
1

Interest Earned 44
Total 293392 265194
b)
Cash and Bank account
Particulars Amount Particulars Amount
Balance 21200
Cash Receipts 293392 Cash Payment 265194
By bal 49398
314592 314592
c)
Bank Reconciliation Statement
Balance as per Cash book 49398
Add
Outstanding cheques
Ch no 3456 1448
Ch no 3457 84
Ch no 3460 70
Ch no 3462 410 2012
Less
Cash receipts not included 10090
Dishonoured Cheque 136 10226
Balance as per bank statement 41184
2