Accounts homework help?

Posted on 2014-04-23 07:32:00 in Accounting by BROKEN DREAMS ?

Can you help me with the following ? i'm stuck ...



The financial year falls on 31st march 2012

1. Accruals of 4,750 and prepayments of 11.240 were overlooked when preparing the financial statements

2. My. jones account in the sales ledger still carried a balance of 1,300 when it was known that we went bankrupt. The figure was taken into account when calculating the allowance on the doubtful debts at year end 5%

3. A stock sheet of 200 was omitted when calculating last year's inventory on 31 march 2011.

4. A cash withdrawal from bank of 100, was recorded on the credit of the cash column in the cashbook and on the debit of the bank column of the cash book.



Thanks so much :)

---

Answer Comment

No Answers Posted Yet.