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Exam (elaborations)

Accounting 1 Memorandum ()

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Regent Business School Accounting 1 Memorandum for the 25th of November 2021

Institution
Accounting 1
Course
Accounting 1

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ACCOUNTING 1
NOVEMBER 2021

MEMORANDUM




PREPARED BY: MTHOMBENI

0767297208

, QUESTION 1
NO A = E + L
1 +105000 Bank +105000 Capital
2 +450000 Inventory +360000 Creditors
-90000 Bank Control
3 -96900 Bank -96900 Operating
expenses
4 -104000 Bank -104000 Salaries and
wages
5 -400000 Bank -400000 Creditors
control
6 +1010000 Bank
-1010000 Debtors control
7 +410400 Bank +1368000 Sales
+957600 Debtors control
8 -480000 Inventory -480000 Cost of sales
9 -2280 Debtors control -2280 Sales returns
+912 Inventory +912 Cost of sales

10 +182400 Bank +182400 Rent income




1
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Accounting 1
Course
Accounting 1

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