Incomplete Records

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:29AM in AAT student discussion
Hi<BR><BR>I am having difficulty with question 13.2 ( workbook. Financial Records & accounts, OSBOURNE Book written by David Cox)<BR><BR>The part of the question i am having trouble with begins with: Some customers pay by cheque......<BR><BR>And ends with At 31st December she had a cash float of £125.<BR><BR><BR>Somehow my tutor has arrived at a cash debtors figure of £3870 and a drawings figure of £3611. <BR><BR>I have absolutely no idea how these figures were reached. Is there anyone who can explain this to me.<BR><BR>Also on that same question I cannot remember which figures of the deprecation go into which of the depreciation accounts (dep'n' of the prov for dep'n'). Has anyone got any statagies on the best way to remember this.<BR><BR>Any clues to any of the above will be very much appreciated.<BR><BR>Teri :-)

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Incomplete Records

    The debtors figure is obtained by<BR>opening balance £4120<BR>Sales £61450<BR>Less<BR>Bank receipts £55290<BR>Bad Debts £460<BR>Closing Balance £5950<BR>Making the difference as cash receipts £3870<BR><BR>Using the £3870 with the opening balance of £86 on the cash account<BR>along with the given general expenses of £220<BR>leaves a balance of £3611 which has been posted as drawings<BR><BR>Hope that helps, its kinda hard to show you the full workings.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Incomplete Records

    Thanks Shaz this has been very helpful<BR><BR><BR>Teri

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