::: vuaskari.com ::: Help for Mgt101

Please solve these questions.This question was in my today's paper og MGT101.

28 mcqs and 4 ques

1) Prepare T account for Accounts Receivable for date i dont remeber (5 marks)

Cash collected 585000

Total Sale 515062

Cash Sales 25% of total Sale

Balance of A/r Rec May 31 2011  55950

Amount NOTnot recvd from Debtors  2500

2)Prepare T account for cash a/c (3 marks)

Balance 50000

Total receipt 500000

Total Payments 480000

Discount Received 1570

Third was closing stock value by weighted average method.(5 marks) it was easy

Fourth was book value and profit on sale (3 marks)

Best Regard

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