Essays on Double Entry Bookkeeping

Activity 1: Appendix D; Financial Activity Tasks

A: Asset Register (for the Month of June) B: Transaction Allocation and Coding C: Identification of receipts and payments Coding: R = Revenue, P = Payment, CR = Cash Receipt

D: Allowances and deductions

E: Other statutory reports for a partnership Option 1: calculate GST and report quarterly G1: 420,000 Does the amount show at G1 include GST: YES PAYG tax withheld: W1: 12,500 Option 1: Pay a PAYG instalment amount quarterly T7: 2,210 Summary: 1A: 38,181 4: 2,040 8A: 40,221 1B: 36,298 8B: 36,298 Payment amount: 9: 3,923 Annual income tax Fringe benefits tax Taxable Payment ...

Several accounting transactions occurred during the month of December 20X5 and were as follows:

A withdrawal was made at a value of £15,000 from the business for the personal use of the owner. An existing retail store was purchased by the company for £150,000 on December 1. 10 desktops were purchased at a total cost of £3,500. The purpose of which is for the administrative and retail operations of the business. 10 printers totalling to £500 and miscellaneous computer accessories worth £275 were purchased. The purpose of which is to improve the purchase ordering as well as the selling operations of the business. 5 security cameras and other shop fittings ...

Activity 1: Appendix D; Financial Activity Tasks

A: Asset Register B: Transaction Allocation and Coding C: Identification of receipts and payments Coding: R = Revenue, P = Payment, CR = Cash Receipt

D: Allowances and deductions

E: Other statutory reports for a partnership Annual income tax The annual income tax does not take into account the cost of personal expenses invested in the business partnership and do not also account the marginal costs. The production costs undergone by the partnership are not reflected in the report. There should be a partnership act to reflect on the mode of cost sharing and profit or revenue management in the business development in the annual reports ...