This web page contains a live and functional spreadsheet created with
SpreadsheetConverter
. Please enable JavaScript in your web browser for the live calculations to work properly.
Q1)
Consider the following account:
F Ryder
May
May
9
Bank
350
2
Purchases
560
16
Bank
750
6
Purchases
800
17
Cash
200
7
Purchases
1340
12
Purchases
650
15
Purchases
850
18
Purchases
1300
Is F Ryder a customer "c" or a supplier "s" ?
What kind of account is this, asset "a" or liability "l" ?
How much is owed?
On 20th May a discount of 7% is given by F Ryder, how much is the discount?
How much must be paid to settle the bill?
How is this discount described?
On which side (debit or credit) must this discount be placed in the account above?
Q2)
Consider the following account:
R Punzel
May
May
2
Sales
50
5
Cash
70
4
Sales
130
7
Cheque
120
6
Sales
270
8
Sales
650
Is R Punzel a customer "c" or a supplier "s" ?
What kind of account is this, asset "a" or liability "l" ?
How much is owed?
On 25th May a discount of 5% is given to R Punzel, how much is the discount?
How much must be paid to settle the bill?
How is this discount described?
On which side (debit or credit) must this discount be placed in the account above?
Reset
Print