LCCI 2nd suspense account

2008-04-14 5:37 am
please answer the question(steps and answer)

Q1) Suspense a/c: $1450 (Cr.)
Gross pofit : $41400
Net profit : $7300
Working Capital : $16100 (Exclude the balance of suspense a/c)
Account payable in more than 1 year : $20000
Share Capital : $100000
Retained Profit : $14100

Errors:
a) Machinery costing $11000 purchased this year had been Debit to Repair a/c
b) Retuen Outward $650 ahd been debit to Purchase a/c.
c) postage $150 had been debit to postage a/c but no entry in cash book.
d) payment to creditor had been posted to purchase a/c not the creditor a/c but the bank was correctly credited.
e) payment od debtor A was posted to debtor B a/c but the bank was correctly entered.
f) depreciation of machinery is $5500 this year.

Required.
a) the suspense account.
b) correct figure of Gross profit, net profit and working capital.



Thanks!

回答 (1)

2008-04-14 7:26 am
✔ 最佳答案
講晒d step(entry)s你知,ans(數目+入數)自己做啦
1)Dr.machinery
Cr.p/l-repair
2)Dr.suspense
Cr.purchases
Cr.returns outwards
3)Dr.suspense
Cr.cash book
4)Dr.creditors
Cr.purchases
5)no entry
6)Dr.p/l-depreciation
Cr.provision for dep.

*第一點睇下佢題目有冇話你知要唔要做dep.,如果知個%就應該要做,如果咩都冇講就唔洗做。自己試下做啦~應該上面冇錯ge


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