Question

4.A) From the following information you are required to prepare the account of Mr Small in
the books of Mr Big. (4 Marks)
Date
March Particulars Amount
1 Debit balance brought forward 3000
7 Mr Small made a credit purchases from Mr Big 1000
12 Mr Small returned defective goods 150
15 Mr small paid on account 3000
30 Mr Small repaired the roof of MrBigs premises
and
530
agreed to adjust the value of this work in his
account
What does the balance of the account at the end of the month mean? (2 Marks)
(B) Prepare a trial balance as on 31-12-2019. (4 Marks)
Patents 2,000
Sales 20,000
Bills payable 2,000
Capital 12,000
Returns outwards 2,000
Bank Overdraft 3,000
General expenses 4,000
Purchases 30,000
outstanding wages 1,000
Debtors 4,000

Answer 1

Answer:

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