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    W.befekadu's Avatar
    W.befekadu Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 27, 2010, 02:56 AM
    from the following information caculate the following of purchase:
    1.From thefollowing information caculate the valueof purchase:
    Opening creditors 142,600
    Cassh paid 542,300
    Discount received 13,200
    Godds returned 27,500
    Closing creditors137,800

    2.the book showsa bank balance of 5,625 overdrawn at 31 March 2002. It is sebsiquently discovered the standing order for 12,500 has been entered twice and that dishonored cheque for 45,000 has been debited in the cash book instead of credires. What should be the correct bank balance?

    3.If a purchase return of 5250 has been wrongly posted to the debit of the sales return account but, has been correctely entered in the supplier's account what would you observe the effect on the trial balance?

    3.Given a selling price of 350 and a gross mark up 40% determinthe cost price?

    4.your firm book shows a credit bank balance of 12,400 at April 30,2002. Up on comparison with the bank statement, youy determin that there are unpresented cheques totalling 4,500 and a receipt of 1,400 which has not yet been passed through the bank account. The baank statement shows bank charges of 750 that have not been entered in the cash book. What were the balance in the bank statement?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Dec 27, 2010, 03:04 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html

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