Company X had following account balances at the beginning of January: Cash in hand and at bank 100 000 Required: Record

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Company X Had Following Account Balances At The Beginning Of January Cash In Hand And At Bank 100 000 Required Record 1 (72.87 KiB) Viewed 25 times

Company X had following account balances at the beginning of January: Cash in hand and at bank 100 000 Required: Record all transactions in appropriate T-accounts (costs by function), close all accounts and calculate net profit or loss using appropriate account. a) The company recorded an invoice for use of telecommunication services in the company store; value 860 b) The company's employee from the marketing department bought a train ticket for 120 for a business trip; paid by cash. c) The company received an invoice for office rent and paid it by bank money transfer; value 42 000. d) The company purchased a car for 72 000, 10% of value paid in cash, rest will be paid in installments over next two years.