When a debt thought to be irrecoverable and written off is subsequently recovered, which additional entry is required to complete the two entries given below? Posted on:
From the following information, calculate the cash paid by trade receivables during the year. Receivables at the beginning of the year 350,000; Receivables at close of the year 500,000; Credit sales for the year 510,000 Posted on:
A customer owing 200,000 was allowed to pay 180,000 in full settlement of his indebtedness. This results in a Posted on:
Annual rent payable is 500,000. Rent prepaid at 1 January, 2016 was 80,000 and rent accrued at 31December 2016 was 60,000. How much was paid in respect of rent in 2016 Posted on:
Using straight line method, what would be the annual depreciation charge for the second year of usage? Posted on:
The cash book of a trader shows an overdrawn account. Which of the following will reduce the balance when the necessary recordings are completed? Posted on:
The fall in value of non-current intangible assets as a result of passage of time is referred to as? Posted on:
Using sum-of-the-years digit method, what is the second year depreciation provision of the motor vehicle? Posted on:
