FINAL ACCOUNTS – FULLY WORKED EXERCISES : LSUS
FINANCIAL ACCOUNTING SSS2 FIRST TERM
WEEK 10
FINAL ACCOUNTS – FULLY WORKED EXERCISES
Contents
Illustration:
The following trial balance has been extracted from the ledgers of Mr Johnson as at 31st
Additional Information:
(a) Stock at close N16,442
(b) Outstanding expenses:
Advertising N354
Salaries and wages N848
Interest on loan N750
(c) Rent, Rates and Insurance paid in advance N426
(d) Depreciation:
Equipment 10% on the cost
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.
- FINAL ACCOUNTS - SPECIAL TRANSACTIONS, BAD DEBTS, CLOSING ENTRIES
- FINAL ACCOUNTS – PROVISION FOR DOUBTFUL DEBTS
- FINAL ACCOUNTS – PROVISION FOR DISCOUNTS 2
- FINAL ACCOUNTS – ACCRUALS AND PREPAYMENTS
- DEPRECIATION OF FIXED ASSETS
- DEPRECIATION OF FIXED ASSETS.
- DEPRECIATION OF FIXED ASSETS..
- FINAL ACCOUNTS – FULLY WORKED EXERCISES
- Chapters 8
- Category SSS2
- Author ClassNotes Edu
For Schools & Teachers
For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price.
Order Now
Create Your Bundle
Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price.
Create Bundle