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Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. kSH.000 Account payables 15,800 equipment 46,000 motor vehicles 25,160 Account receivable 23,080 Cash at bank 29,120 cash in hand 160,000 during that financial year the following transaction took place 1. bought extra equipment on credit for Ksh 5,520,000 2. bought extra inventory by cheque Ksh 2,280,000 3. paid creditor by cheque Ksh 3,160,000 4.receive payment from debtors Ksh 3,360,000 by cheque and Ksh 240 by cash Questions identify the capital as at 1st January 2014 prepare a statement of financial position after the transaction have been completed the net profit for the period was Ksh 750,000
WILLS A will is the legal declaration by a person of his wishes or intentions regarding the disposition of his property after his death, duly made and executed according to the p
How should I handle Booking an invoice in one month for Raw material that has not been received until the following month?
Do liabilities fall under debtors
SEC reporting implications i) Potentially inaccurate reporting of executive compensation in proxy statements and annual reports ii) Potential violation of securities and Law
Adjusting Entries Clapton Guitar Company entered into the following transactions during 2013. [The transactions were properly recorded in permanent (balance sheet) accounts unless
I need help with my homework
Suppose the interest rate for a one-period bond is 4% between the current period and the next. Then the rate becomes 5% for ever. (a) What is the price of an asset paying (1,1,1
Which of the following actions are most likely to directly increase cash as shown on a firm's balance sheet? Explain and state the assumptions that underlie your answer. 1. It i
what type of transaction is a service revenue earned on account? a) asset source, b) asset use, c) asset exchange or d) claims exchange?
Information concerning the capital structure of Piper Corporation is as follows: December 31, 2011 2010 Common stock 150,000 shares 150,000 shares Convertible preferred stock 15,00
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