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Exam (elaborations)
FINANCIAL ACCOUNTING IN PRACTICE
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---117August 20242024/2025A+
- Question 1 Atongo Sole Business 
Atongo started a grocery business on 1 January 2005 with capital of GH¢2,000 in cash. He rented 
premises for GH¢600 per annum, payable quarterly in arrears, the first payment being due on 31 
March 2005. Also on 1 January, he borrowed GH¢600 from a friend, Waakye, at the rate of 12% 
per annum. 
The following were the transactions of the business for the three months ended 31 March 2005. 
 6 January Purchased a second-hand Ford van for GH¢1,300 cash 
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$15.39 More Info
Ariikelsey
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Exam (elaborations)
FINANCIAL ACCOUNTING IN PRACTICE Questions and 100% Correct & Complete Answers, Highly Recommended, Graded A+
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---117September 20232023/2024A+
- FINANCIAL ACCOUNTING IN PRACTICE Questions and 100% Correct & Complete Answers, Highly Recommended, Graded A+ 
Table of Contents 
CHAPTER 1 BASIC BOOKKEEPING AND ACCOUNTING PRINCIPLES .......................... 1 
Question 1 Atongo Sole Business ............................................................................................... 1 
Question 2 FA Manyame Business Ventures............................................................................... 2 
Question 3 Bazzers Bombers Car Se...
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$18.49 More Info
ConvenientLearning