Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. section b. answer any 2 questions from this sectio

SECTION B. Answer any 2 questions from this section Question Two...

80.2K

Verified Solution

Question

Accounting

image
SECTION B. Answer any 2 questions from this section Question Two Record the follow transactions in the accounts of Verliby Company Ltd (VCL). Balance off the accounts as at 31 st March, 2021 and prepare a trail balance as at that date. 1st2nd3td4th5th6th8th10th12th18th21st22nd23rd25th28th29thStartedinbusinesswithGHS38,000.00inthebankBoughtgoodsoncreditfromGiladGHs1455.00BoughtgoodsoncreditfromSwartyGHs472.00InvestedinfixeddepositbychequeGHs20,000.00SoldgoodsforcashGHs210.00VCLreturnedgoodstoGiladGHs82.00BoughtgoodsoncreditfromSwartyGHs370.00SoldgoodsoncredittoP.KingGHs483.00SoldgoodsforcashGHs305.00TookGHs250.00ofthecashandpaiditintothebankBoughtaWaterDispenserbychequeGHs620.00SoldgoodsoncredittoBenzGHs394.00P.KingreturnedgoodstoVCLGHs160.00BenzreturnedgoodstoVCLGHs18.00VCLreturnedgoodstoSwartyGHs47.00VCLpaidGiladbychequeGHs1373.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please show your work.Liquidity Performance Analysis1. Do a Cahs Flow Liquidity Analysis.Analyze Trends...Please show...

Accounting
Q

Consider the boundary value problem X ′′ +λX=0 , X ′ (0)=0 , X′(π)=0 . Find...

Basic Math
Q

Explain the relation between the induced electromotive force and the sectional area of the secondary coil,...

Physics
Q

Consider a regular 10-gon in which alternate vertices are painted red and blue. Show that the...

Advance Math
Q

From Dunkin Donuts to Just Dunkin! The famous American Donut’s brand is rebranding and closing stores...

General Management
Q

Yield to Maturity and Current Yield You just purchased a bond that matures in 12 years....

Finance
Q

A dipole having dipole moment p is placed in front of a solid uncharged conducting...

Physics
Q

a Find the inverse of the function below on the given interval and write it...

Calculus
Q

3 10 points Compute the projection operators P and P

Algebra
Q

A plaintiff brought a civil action against a defendant for the embezzlement of funds missing...

Accounting
Q

Question 1: Ignore any current plans. Using last years actual data and...

Accounting
Q

A useful measure used to evaluate the performance of an investment center is investment center...

Accounting