Correction of errors(10 marks)

2010-11-22 4:23 am

I don't understand. Can you show workings in the journal / double-entries. (Dr what, Cr what !!!)

Please help me !!!! Please also explain the Example and (a) to (d). -> (TOTAL 5 CASES) I don't know them all !!!!

Question: http://www.sendspace.com/file/gmjyxq
(answers at the bottom)

From 2007 CE PA Q2B

Thank you. 10 marks

回答 (1)

用戶2576

2010-11-23 1:43 am

✔ 最佳答案

(a) Dr. Bank Cr. Motor Vehicle ( cost ) Cr.Provison for Depreciation - MV Cr. Profit on Disposal of MV.
(b) Dr. Bank Loan Dr. Bank Loan Interest Cr. Bank
(c) Dr. Purchases Cr. Cash and then Dr. Trade Debtors Cr. Sales. Thedifference between sales and purchases is then the Gross Loss.
(d) Dr. Bank Cr. Trade Debtors and then Dr. Trade Creditors Dr. Proprietor'sCurrent Account Cr. Bank

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