Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
  • Accounting 1
  • Accounting 1
To add items to your wishlist, you must be logged in
Exam (elaborations)

Accounting 1 Memorandum ()

Rating
-
Sold
-
Pages
5
Grade
A+
Uploaded on
08-01-2022
Written in
2021/2022

Regent Business School Accounting 1 Memorandum for the 21st of June 2021

Institution
Accounting 1
Course
Accounting 1

Content preview

ACCOUNTING 1
JUNE 2021
MEMORANDUM




PREPARED BY: MTHOMBENI

0767297208

, QUESTION 1
1.1


Equity = Assets - Liabilities
Equipment 36000 Accrued 12000
expenses
Inventory 108000 Trade 72000
payables
Bank 18000
Trade 84000
receivables
162000 246000 84000


1.2

NO Assets Equity Liability Account Account
R R R debited credited
1 +40000 +40000 0 Equipment Capital
2 +15000 +15000 0 Debtor’s control Sales
3 -6800 -6800 0 Drawings Bank
4. -350 -350 0 Interest expense Bank
5 -3000 -3000 0 Donation Inventory



1.3 General journal
Details Debit Credit
1.3.1 Inventory 700
VAT Input 105
Bank 805

1.3.2 Bank 1840
VAT output 240
Sales 1600
Cost of sales 700
Inventory 700




1
Report Copyright Violation

Written for

Institution
Accounting 1
Course
Accounting 1

Document information

Uploaded on
January 8, 2022
Number of pages
5
Written in
2021/2022
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • accounting 1
$6.36
Get access to the full document:
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
TheTeachingMachine
4.5
(205)

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
TheTeachingMachine University of Johannesburg
View profile
Follow You need to be logged in order to follow users or courses
Sold
1153
Member since
5 year
Number of followers
791
Documents
98
Last sold
6 months ago

4.5

205 reviews

5
153
4
28
3
11
2
5
1
8

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions