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Q : A company was incorporated on 1st january 1960 and on that....

Accounting Basics :

question a company was incorporated on 1st january 1960 and on that date purchased two machines each costing pound1000

Q : On 1st january 1959 a firm bought machinery at a cost of....

Accounting Basics :

question on 1st january 1959 a firm bought machinery at a cost of pound2000 and on 1st july 1960 additional machinery

Q : Goods are sold by a firm in crates purchased at 76d each....

Accounting Basics :

question goods are sold by a firm in crates purchased at 76d each customers of the firm are charged 10- and allowed 6-

Q : A company makes a charge to its customers for cases in....

Accounting Basics :

question a company makes a charge to its customers for cases in which its product is delivered if they are returned in

Q : S eller carries on a retail business in birmingham on 1st....

Accounting Basics :

question s eller carries on a retail business in birmingham on 1st march 1962 he opened a branch shop in coventry from

Q : All the shares have been issued and are fully paid with the....

Accounting Basics :

question a juby ltd is a company with an authorised capital of pound20000 divided into10000 6

Q : Conway and bangor ltd has an authorised capital of 30000....

Accounting Basics :

question conway and bangor ltd has an authorised capital of pound30000 divided into 20000 ordmary shares of pound1 each

Q : On 1st january 1962 they formed a company with an....

Accounting Basics :

question nether and wallop were equal partners and their balance sheet at 31st december 1961 was as followson 1st

Q : Some years ago john and george combined thek separate....

Accounting Basics :

question some years ago john and george combined thek separate businesses in oxtown and camley into a partnership the

Q : On 1st january 1961 a james obtained two motor vehicles the....

Accounting Basics :

question on 1st january 1961 a james obtained two motor vehicles the total cash price of which was pound2400 payment

Q : A jones bought a motor car on hire purchase terms from mbj....

Accounting Basics :

question a jones bought a motor car on hire purchase terms from mbj ltd on the 1st january 1959 the hp price was

Q : The cash price of a machine was 1200 d george acquired it....

Accounting Basics :

question the cash price of a machine was pound1200 d george acquired it on 1st january 1959 and paid a deposit of

Q : On 14th june 1960 the easy terms company sold an electric....

Accounting Basics :

question on 14th june 1960 the easy terms company sold an electric washer to mrs ready for the hire purchase price of

Q : Attractive purchases ltd started to sell goods on hp terms....

Accounting Basics :

question attractive purchases ltd started to sell goods on hp terms in 1961 and made the following salesthe first

Q : J smith and co are retailers of electrical applicances as....

Accounting Basics :

question j smith and co are retailers of electrical applicances as from 1st july 1953 they have sold goods on

Q : A company purchases 10000 3i war loan at 88 cum interest on....

Accounting Basics :

question a company purchases pound10000 3i war loan at 88 cum interest on 1st april 1958 brokerage and stamp duties

Q : A sand and gravel company are engaged in working a sand pit....

Accounting Basics :

question a sand and gravel company are engaged in working a sand pit on 1st january 1956 it entered into an agreement

Q : Automatics ltd granted a licence to p reynolds to....

Accounting Basics :

question automatics ltd granted a licence to p reynolds to manufacture and sell an automatic device on the following

Q : A and c are in partnership at exton and wyeton sharing....

Accounting Basics :

question a beta and c are in partnership at exton and wyeton sharing profits in the ratio 442 their balance sheet at

Q : Scott and king who occupied adjacent shops became partners....

Accounting Basics :

question scott and king who occupied adjacent shops became partners as from 1st january 1962 capital contributed wasthe

Q : Up to 31st march 1959 henry john and kenneth had been....

Accounting Basics :

question up to 31st march 1959 henry john and kenneth had been trading in partnership and sharing profits in the

Q : X and y are equal partners on 1st july 1962 they agree to....

Accounting Basics :

question x and y are equal partners on 1st july 1962 they agree to admit zeta as partner zeta is to pay pound2000 as a

Q : Two professional firms agree to amalgamate their practices....

Accounting Basics :

question re-printed by courtesy of the society of incorporated accountants siatwo professional firms agree to

Q : In 1955 a set up in business as a sole trader on 1st....

Accounting Basics :

question in 1955 a set up in business as a sole trader on 1st january 1956 b joined him as a partner taking one-third

Q : Green and blue agree to admit brown into partnership as....

Accounting Basics :

question green and blue agree to admit brown into partnership as from 1st january 1961 brown is to receive a one-fifth