CHAPTER 47 Accounts for Service Firms

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CHAPTER 47 Accounts for Service Firms 12/05/2019 CHAPTER 47 Accounts for Service Firms Question 3 Analysed Cash book: Question 5 Income and Expenditure Account This is the Title Slide R. DELANEY

Q5 Page 446 Textbook INCOME AND EXPENDITURE ACCOUNT AT 31/5/10 Income R. Delaney Q5 Page 446 Textbook INCOME AND EXPENDITURE ACCOUNT AT 31/5/10 Income € € Sale of potatoes 3,000 Sale of cabbage 2,500 Sale of turnips 2,700 8,200 Expenditure Purchase of seeds 2,100 Light and heat 450 Diesel 670 Repairs 260 Fertilisers 1,500 Insurance 760 5,740 Surplus of I over E 2,460

Q6 Page 446 Textbook INCOME AND EXPENDITURE ACCOUNT AT 31/7/10 Income R. Delaney Q6 Page 446 Textbook INCOME AND EXPENDITURE ACCOUNT AT 31/7/10 Income € € Sale of milk 6,400 Sale of cattle 7,800 Farmers' market 1,100 15,300 Expenditure Vet's fees 400 Repairs 890 Feed 1,200 Rent of stall 200 Fertilisers 650 Transport 720 4,060 Surplus of I over E 11,240