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    Category: Trial balance and Financial Statements

    2020 SMSS 3E POA EOY P2 Q3

    3 Leonard runs a tuition centre. The financial year end of his business is 30 June. The following information has been provided. Accounts balance at…

    caleb April 14, 2021

    2020 SASS 3E POA EOY P2 Q2

    2 T’ Sam runs a food delivery business. The business rents out the space above the shop premises. T’ Sam provided the following information for…

    caleb April 13, 2021

    2020 BGSS 3N POA EOY P2 Q1

    1 The following trial balance was extracted from the books of Bottles and Boxes Trading on 30 September 2020.   Debit $   Credit $…

    caleb April 13, 2021

    2020 BGSS 3N POA EOY P1 Q4

    4 The following information was extracted from Yong’s books on 30 July 2020.   $     Inventory 3 500 Cash in hand 1 200…

    caleb April 13, 2021

    2020 BGSS 3E POA EOY P2 Q3

    3 Best Price Trading’s financial year ends on 30 June. The owner of the business provided the following balances.   1 July 2019 30 June…

    caleb April 13, 2021

    2020 BGSS 3E POA EOY P1 Q4

    4 The following information was available in Gwen’s books on 30 July 2020.   $     Inventory 3 500 Cash in hand 1 200…

    caleb April 13, 2021

    2020 PHS 3N POA EOY P2 Q4

    4 Ryan Raspberries recently hired an inexperienced accounts clerk, Gabriel. The following trial balance of the business prepared by Gabriel contained errors. Trial balance for…

    caleb April 9, 2021

    2020 PHS 3E POA EOY P2 Q3

    3 Accountants must put in place checks in the accounting system. One of the tools used is trial balance. Additional information 1. The owner took…

    caleb April 9, 2021

    2020 USS 3N POA EOY P1 Q1

    1 Jamie, the owner of Jem Bookshop, extracted the following balances from the books of her business on 31 August 2020.   $ Trade receivables…

    caleb April 9, 2021

    2020 SACSS 3N POA EOY P1 Q4

    4 The following balances were extracted from the books of Sarrah Traders on 30 April 2020:   $ Sales revenue 165 000 Cost of sales…

    caleb April 8, 2021
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