Abdul buys all his machinery on credit. He provided the following information. at 30 April 2020: machinery at cost $30000, amounts owing to suppliers of machinery $19000 at 30 April 2021: machinery at cost $42000, amounts owing to suppliers of machinery ? During the year Abdul paid $25000 to the suppliers of his machinery. How much did he owe them on 30 April 2021?

An employer provides each employee with a time sheet. Which statement is correct?

The Sandhill Golf Club has 150 members who each pay an annual subscription of $40. On 1 January 2010 subscriptions un…

Mohan is a trader. On 24 April 2011 he had a bank overdraft of $150. The following transactions took place during th…

Rashid maintains a provision for doubtful debts of 5% of the trade receivables (debtors) at the end of each year. Tra…

A taxi firm received $500 from passengers. The firm sold a vehicle for $5000. How should these receipts be treated?

Repairs to a motor vehicle were debited in error to the motor vehicles account. How does this affect the profit for t…