At the end of July 2023, you read in the newspaper that your customer Farmer Kumar had just declared bankruptcy leaving all of their suppliers a total of $50,000 out of pocket.Find the invoice to Farmer Kumar and record this event using the allowance method:Date: 2023-07-31.Credit Note #: CN-0002Reference: Game OverAmounts are: No TaxLine:Item: (None)Description: Service LabourQTY: 1Unit Price: $1328.25Total: $1328.25For marking purposes, please make sure your credit note number is: CN-0002Click Approve.

1.The Receiver of Revenue estimated Income Tax at N$210 490, this amount will only be paid in the next financial period. 2. OK Furnitures complained about an invoice amount on his statement that was outstanding for three months, his reasoning was that he never bought items worth that amount. After further investigations, it was discovered that the invoice amount was in fact a credit sale to House & Home. N$ 10 000 3. Allowance for irrecoverable debts is estimated to be N$ 8340 at the end of the year. 4.. An inventory count of stationery revealed that stationery valued at N$10 590 was still on hand at 30 June 2020. 5.On 30 June 2020, All office shelves were sold on account to Limpo (LIM300) for N$60 000, he paid N$35 800 and promised to pay the remaining amount in two equal instalments starting from next month. 6. The balance amount outstanding on Ellerines account of N$ 24500 could not be recovered anymore as the debtor was declared insolvent on 31 December 2019, the firm managed to recover a plant & machinery worth N$24 000 and the remaining amount was written off as an expense. The company must dismantle the plant after its useful life of 5 years and the cost amounts to $ 10,000. The average interest rate is 10.5%. 7. The amount paid for water and electricity was for the period until 30 April 2020. 8. The advertising cost paid was for the period until 31 July 2020. Financial year end is 30 June 2020 and the business received N$ 21, 800 as at 30 June 2020. 9. Received a cash deposit for rent on 30 June 2020 for July 2020, N$5000 10. Provide the necessary adjustment for interest on financial assets and financial liabilities the financial period. --10.5% FNB Loan 240 000 --12% Debenture issued 235,000.00 --10% Debenture issued 30 000

Athithan business was started investing Rs. 100 000 on 01.01.2022. This business was registered for VAT.Purchases and sales include 8% VAT. The following transactions took place during the month ended31.01.2022.Grade - 12 (2023) – 2023 FWC - 3 - Accounting- I- Goods were purchased for Rs. 540 000 on credit basis.- All these goods were sold for Rs. 648 000 on credit basis.- Rs. 500 000 was received from debtors.- Cash was paid to creditors to settle Rs. 360 000 with discount Rs. 20 000.11. Gross profit for the month ended 31.01.2022 and cash balance on 31.01.2022 are,Gross profit Rs. ‘000’ Cash account balance Rs. ‘000’(1) 100 160(2) 100 240(3) 100 260(4) 108 160(5) 108 26012. Total liabilities and equity of the business on 31.01.2022 are,Total liabilities (Rs. ‘000’) Equity (Rs. “000”)(1) 180 120(2) 180 220(3) 188 220(4) 188 128(5) 200 228

At the end of its first year of operations, December 31, 2023, Casayan, Inc. reported the following information: Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2021 Bad debts expense for 2021 9,500,000.00 240,000.00 840,000.00 What should be the balance in accounts receivable at December 31, 2023, before subtracting the allowance for doubtful accounts?

Select all that applyOn February 15, Symth Co. determines that it cannot collect $500 owed by its customer, A. Winds. Symth records the loss using the direct write-off method. This entry to record the write-off on February 15 would include a:Multiple select question.credit to Accounts Receivable - A. Winds.debit to Bad Debts Expense.credit to Sales.debit to Accounts Receivable - A. Winds.debit to Sales.credit to Bad Debts Expense.

On 31st March 2022 India limited redeemed rupees50000 ,12% debentures out of profitsjournalise the transactions