Survey of Accounting - 3

: Survey of accounting

Your name

Instructors

Date

July 22 , 2009

Introduction

When a company starts a business various books are maintained among them includes ledger books journal books , cash books and various s that contain vital information in relation to the affairs of the company . In this case to Thomas Corporation capital account will be opened in the ledger books as well as the cash account to record 2 000 cash received for the common stock . Various ledger accounts will be opened for the various transactions that take

place during the period . At the end of the period this ledger accounts will be closed and they form the basis of preparing the final accounts for the company . In this case I have opened various ledger accounts in the appendix to be used to answer part A to C

Thomas Corporation

What is the amount of Cash (ii ) 3 000

Accrued income (v ) 2 000

5 000

The cash and accrued income (debtors

What is the amount of cash at end 2010

CASH a /c

Capital a /c (i ) 2 000

Income received 6 000

8 000

Less Expenses 4 500

Cash dividends 500 (5 000

BAL C /D at end of 2010 3 000

The amount of cash at hand at the end of the year will be 3 000 that is after all the expenses and dividends

the net...