CPAP O2 Task 3 Question Book (No answers) PDF

Title	CPAP O2 Task 3 Question Book (No answers)
Author	Amaya SUMANASINGHE
Course	Accounting
Institution	Glen Waverley Secondary College
Pages	1
File Size	74.2 KB
File Type	PDF
Total Downloads	7
Total Views	176

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Summary

Practice SAC for accounting 3/4 VCE, received in 2021, google for answers please. Unit 3 Accounting VCE subject....

Description

Question 1 – Basil’s Books (23 marks) Basil Zempilas owns and operates Basil’s Books. Basil has been provided with the following Trial Balance as at 30 June 2019. Basil’s Books Trial Balance as at 30 June 2019 Account

Debit

Credit

Accounts Payable Accounts Receivable Advertising Bank

3 960 7 920 680 13 990

Capital Cartage Inwards Cartage Outwards

74 707 1 040 910

Cash Sales Cost of Sales

4 160 5 590

Credit Sales Discount Expense

10 690 121

Discount Revenue Drawings

176 3 800

GST Clearing Interest Expense Inventory Inventory Loss Inventory Write Down

683 250 24 600 1 330 720

Loan – CCA Bank

20 000

Office Equipment

5 300

Rent

1 750

Sales Returns

875

Shelving

14 100

Van

29 800

Wages

1 600

Totals

114 376

114 376...