The Review of Management Accounting
10 Pages895 Words24 Views
Added on 2021-04-24
The Review of Management Accounting
Added on 2021-04-24
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MANAGEMENT ACCOUNTING1
ContentsQuestion 1:.................................................................................................................................3Part A:.....................................................................................................................................3Part B:.....................................................................................................................................5Part C:.....................................................................................................................................8Question 2:.................................................................................................................................92
Question 1:Part A:DateDetails Debit ($) Credit ($) 01-NovBank and Cash a/c 1,540.00 To Revenue a/c 1,540.00 (Being cash received form a student towards fee for watch-making school)02-NovDrawings a/c183.00 To Bank and Cash a/c183.00 (Being spent by the proprietor towards personal expenses towards physiotherapist charges)04-NovBank and Cash a/c 2,016.00 Debtors for goods-Hilton Hotels a/c 8,064.00 To Revenue a/c 10,080.00 (Being sold to Hilton hotel partly in cash and partly in credit)13-NovLaptop a/c 2,760.00 To Bank and Cash a/c 2,760.00 (Being laptop purchased in cash for business)14-NovCleaning Expenses a/c120.00 To Creditors for expense- Busy bee Cleaners120.00 (Being invoiced raised by busy bee cleaners towards cleaning expense- invoice ref 6435)17-NovFurniture a/c 6,272.00 To Bank and Cash a/c 3,136.00 To Creditors for furniture a/c 3,136.00 (Being 7 adjustable purchased, partly in cash partly in credit)29-NovElectricity Expenses a/c 1,376.00 To Bank and Cash a/c 1,376.00 3
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