Tutorial 1

#utorials
2022 -

2023
ABE
11 Sem2
 Tutorial 1
(SSQ1)
1.2. Accounting equation
Assets:Capital Liability
(a) Capital:A-L =
42,000 -

22,000
20,800
=

(b) C A-1 18,500

= = -

43,300: 35, 200

(C) ( A -C 55,900 25,700 34,200

=
=
=

(C) ( A -C 61,700 18,600 43, 100

=

=
=
-

2) A C1
= +

32,900 +21,300
= =

54,200

(88A 1 1 19,400+31,300 50,700 =

+ =
=

1.3
Assets -

a, b, c, 2

Liabilities- d,
1. Ad

(See next
page
 (310) (310)
*
175/(175)
630 630

1,200 1,208
2,500 2,500
50/(50)

(90)(90)

neffect
-

-10/(610)
A
*
cash -> b (175)
-

since

Fixtures
4 175-NCA

A 1 =
+
C

·
So there is still trade payable
of

180. However, since we return

-90 goods back trade
will
payable
decrease
2.12
Bank
f f
Yul1 Cash 15,000 Jul 2 Office furniture 2,800

23 Jevons &
6 750 5 Car 4,958

15TV2 Ld 1,260

31 Machinery 710

31 Balance old 6,030

15,750 15,750
Ang 1 Balance bold 6,030
2.12 Office furniture
34931BalaCapieBank 15
1
2,500
f
YU12 Bark Ju 8 Jevons do 150

Ang 15,000
Balance
1
31 Balanced2,050

TVCLtd Car
f
20 Culec
f

T4115Bank 1,250 THS computer T015Bank Balanced

>

AngeBalons 4.9 or

Jevons & Co Computer equipment

0
f
3uf8 Office furniture Tn23 Bank 2.93 TVC in
50 Ld
+

Machinery
f f
In 3 Barsk
10
Told
Balance I
~

Ange Bulance70
->
 2.13
Equipment
Cash, I f I

Yun1 Cash 17,500 YunG Bank9,480 Yun 12 Pearce 9,300 JunesCash 200
& sons
25Equipment 200

28 Cash 130

F. Brown
BanE f c
Yun2 Cash 9,400 Yun 8 Van 5,250 Yun30 Bank4,000
30 7. Brown 4,000 26 Dream Ltd 1,848
28 Cash 130

office furniture Dream L d

+

t
200
f f
office
June Dream 2,100 in 18 Dream 260 Yun 18 furniture 260 sunsin
Ld L d
Ban
+
+

26 1,840

Van Capital
11,500
f

Yung Bank 5,250 Suns Cash

Pearce & Sons

Yun 12
2,300
Ennipment

2
 5.1
B. Flyn
I f

Maysaleis
810 May 10 Retwen inWARds
194/
132 24 Cash 440
31 Balance

so
old

92/4/

Yuri Balance bld380

F.Lane

May 1 Sales 1,30 May 18 Bank 5,300

F Fey

Mays
↑May
f z
Sales 413 20 Return inwards 62
20 Bank 351
413 415

-ar t f
Sales 480 May 31 Balance Cld
Mays 120
31 Sales 240
720 #20
- -

YunsBala 720
 5.2
3. Wilson
I f
Yun 18 Return Yund
65 Purchases 240
outwards
15Purchases 210
28 cash 300

30 Balance old 85

#50
- -
#50
Yi Balance bold 85

P. Todd
2 f
Jun 30
Return
outward) 39 Juns Purchases 390
30 Balance old - >
821 3 Purchases #70
860 860

·Jul 1 Balance old 821

3. Fry
f f
Jun 10 Return outwards 140 Tons Purchases 1620

30 Balance old 1,480

1620 19620
Tul1 Balance bld
19488
↑

↑
P. Rake
f f
Yun19 Cash 290 Jun 3 Purchases 290

②
 5.5
Y. Bee
f =
sales Septel Bank 900
Septa 1,040
38 Cash 80
30 Balance old 60

Octs Balance bid #40

F. Day
f I
Sept 1 Sales 1,260 Sept12 Return inwards
190
8 sales 340 30 Balance IId 1,410
1,600 1,600

Oct1 Balance old 1,410

7.5oyl
f I
Sales Sept Return inwards
Sept 1 180 1 25
30 Balance old #55
#0 #80
Oct1 Balance old ⑮55
-

D. Blue

Sep+ 20 Ban Is
f
Sept 2 Purchases 780
f

F Rise

Sept
f I
Sept. 12 Return inwards 12 2 Purchases 1, 020
30 Balance old 1,100 10 purchases ·
92
2,112
-
15112

Oct. 1 Balance bld 1,100

 P. Lee

f f

1
Sept 30 Balance C 560 Sept2 purchases 560

560
#60
Oct 1 Balance bid 560

1. Hope

Sept
f f
Sept 1 Sales 480 30 Bank 480

R. James
I f
Sept17Returns out)sy Sept10 Purchases 870
26 Bank 766

30 Balance old 20

870
~
870
-

Oct1 Balance blo 20

Debtors:1. Bee, T. Day, J. Soul

Creditors:1. P. R. James
Rise, Lee,

->