Qualification > Queries
Accounting AS level problem
pastyear:
Can anyone pls explain how to get the answer of Oct/Nov 2009 varient 2 paper 2 Question 1 (b) and (c).
Pls show it in account format or other way which is easy to understand.
Thanks
***exam***:
sorry no idea trying 2 solve will let u know when will get the answer :-\
i seriously hope some one answers this 1 soon :(
pastyear:
anyone pls help me!!!
Monica:
I will try solving it today and posting about it later.
immortal:
b.>
Credit sales=Cl debtors+credit sales(amount paid to bank)-Op debtors
=400+(2950-50)-600
=$2690000
Cash sales =Cl cash bal+cash sales,expended-op cash bal
=5+(152+70)-610
=$221000
Total sales =2690000+221000
=$2911000
[for this question im not sure if v have 2 show this in a format, but this is wat i did.Is it correct)
C.>
Details $'000 $'000
Bal b/d (210)
Banked 2950
Purchases (1750)
Interest on overdraft (30)
expenses (810) 360
Bal c/d(bank bal) 150
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