Incomplete Records Accounting 0.0 / 5 ? AccountingAccountingUniversityNone Created by: amyclaireCreated on: 30-05-19 17:51 Closing Inventories Opening Inventories + Purchases + other manufacturing costs - cost of sales 1 of 7 Closing NBV Opening NBV + cost of additions - NBV of disposals - depreciation charge 2 of 7 Closing trade receivables Opening trade receivables + credit sales - amounts received (of credit sales) - amounts written off 3 of 7 Closing trade payables Opening trade payables + credit purchases - amounts paid - discounts received 4 of 7 Closing accumulated depreciation Opening accumulated depreciation + depreciation charge - AD of disposals 5 of 7 Closing balance Opening balance + receipts - payments 6 of 7 New capital Profit+ old capital – drawings + capital introduced 7 of 7
Comments
No comments have yet been made