QUESTION 12.Che balances on certain accounts of ANNEY LTD CO as at 1 April 2012 were asfollows. (all fīgures in TZS)At the beginning of the yearRent and rates payableAccruals• PrepaymentsRent receivable- prepayments 625,0002200,0001940,000During the year, the business carried out the following transactionsPaid rent by chequePaid rates by chequeReceived cheque for rent5200,0003050,000960,000At the end of the year,Rent and rates payableAccruals2370,000Prepayments1880.000Rent receivable- prepayments 6s0,000Required: preparea) Rent and rates accountb) Rent receivableci Show the amount to be transferred to the income statement-oםםבDool

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QUESTION 12. a halances on certain accounts of ANNEY LTD CO as at 1 April 2012 were as follows. (all figures in TZS) At the beginning of the year Rent and rates payable Accruals 2200,000 Prepayments 1940,000 Rent receivable- prepayments 625,000 During the year, Paid rent by cheque Paid rates by cheque Received cheque for rent the business carried out the following transactions 5200,000 3050,000 960,000 At the end of the year, Rent and rates payable Accruals 2370,000 1880,000 Prepayments Rent receivable- prepayments 680,000 Required: prepare a) Rent and rates account b) Rent receivable c) Show the amount to be transferred to the income statement

QUESTION 12. a halances on certain accounts of ANNEY LTD CO as at 1 April 2012 were as follows. (all figures in TZS) At the beginning of the year Rent and rates payable Accruals 2200,000 Prepayments 1940,000 Rent receivable- prepayments 625,000 During the year, Paid rent by cheque Paid rates by cheque Received cheque for rent the business carried out the following transactions 5200,000 3050,000 960,000 At the end of the year, Rent and rates payable Accruals 2370,000 1880,000 Prepayments Rent receivable- prepayments 680,000 Required: prepare a) Rent and rates account b) Rent receivable c) Show the amount to be transferred to the income statement

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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