EACH MEMBER OF THE FOLLOWING GROUPS SHOULD DO ASSIGNMENT-ACE:
GROUP A: CHAMPIONSHIP ACADEMIC CLUB
GROUP C: GREAT ACHIEVERS ACADEMIC CLUB
GROUP E: DREAM CHASERS ACADEMIC CLUB
EACH MEMBER OF THE FOLLOWING GROUPS SHOULD DO ASSIGNMENT-BDF:
GROUP B: CHRONICAL PRESS ACADEMIC CLUB
GROUP D: ROYAL ACADEMIC CLUB OF NIGERIA
GROUP F: AIM SUCCESS ACADEMIC CLUB
INSTRUCTION: TO BE SUBMITTED TO CLASS PRESIDENT ON OR BEFORE THURSDAY 18TH JULY, 2019 BEFORE 12NOON PROMPT.
ASSIGNMENT-ACE.
Assignment Won Wa Die Limited provides the following information as at 31st December, 2018.
Required: Prepare the Final Accounts for the company.
| ASSIGNMENT WON WA DIE LIMITED | ||
| TRIAL BALANCE | ||
| AS AT 31ST DECEMBER, 2018 | ||
| DR | CR | |
| N | N | |
| Purchases | 2,763,000.00 | |
| Revenue | 10,863,000.00 | |
| Drawing | 1,057,500.00 | |
| Return Inwards | 547,500.00 | |
| Return Outwards | 465,000.00 | |
| Discount Allowed | 765,000.00 | |
| Discount Received | 630,000.00 | |
| Trade Receivables | 3,375,000.00 | |
| Trade Payables | 4,282,500.00 | |
| Inventory | 2,572,500.00 | |
| Land | 345,000.00 | |
| Motor at cost | 900,000.00 | |
| Furniture at cost | 187,500.00 | |
| Accumulated depreciation on motor | 337,500.00 | |
| Accumulated depreciation on furniture | 75,000.00 | |
| Cash at bank | 375,000.00 | |
| Cash in hand | 142,500.00 | |
| Salaries | 3,045,000.00 | |
| Carriage Inwards | 1,665,000.00 | |
| Carriage Outwards | 772,500.00 | |
| Printing and Stationery | 270,000.00 | |
| Electricity and water | 1,110,000.00 | |
| Insurance | 510,000.00 | |
| General Expenses | 2,610,000.00 | |
| Provision for bade debt | 15,000.00 | |
| Bad debt already written off | 30,000.00 | |
| Capital | 5,250,000.00 | |
| Rent Received | 285,000.00 | |
| Commission Received | 840,000.00 | |
| 23,043,000.00 | 23,043,000.00 |
ASSIGNMENT-BDF.
Fesojaiye Nigeria Limited provides the following information as at 31st December, 2018.
Required: Prepare the Final Accounts for the company.
| FESOJAIYE NIGERIA LIMITED | ||
| TRIAL BALANCE | ||
| AS AT 31ST DECEMBER, 2018 | ||
| DR | CR | |
| N | N | |
| Purchases | 921,000.00 | |
| Revenue | 3,621,000.00 | |
| Drawing | 352,500.00 | |
| Return Inwards | 182,500.00 | |
| Return Outwards | 155,000.00 | |
| Discount Allowed | 255,000.00 | |
| Discount Received | 210,000.00 | |
| Trade Receivables | 1,125,000.00 | |
| Trade Payables | 1,427,500.00 | |
| Inventory | 857,500.00 | |
| Land | 115,000.00 | |
| Motor at cost | 300,000.00 | |
| Furniture at cost | 62,500.00 | |
| Accumulated depreciation on motor | 112,500.00 | |
| Accumulated depreciation on furniture | 25,000.00 | |
| Cash at bank | 125,000.00 | |
| Cash in hand | 47,500.00 | |
| Salaries | 1,015,000.00 | |
| Carriage Inwards | 555,000.00 | |
| Carriage Outwards | 257,500.00 | |
| Printing and Stationery | 90,000.00 | |
| Electricity and water | 370,000.00 | |
| Insurance | 170,000.00 | |
| General Expenses | 870,000.00 | |
| Provision for bade debt | 5,000.00 | |
| Bad debt already written off | 10,000.00 | |
| Capital | 1,750,000.00 | |
| Rent Received | 95,000.00 | |
| Commission Received | 280,000.00 | |
| 7,681,000.00 | 7,681,000.00 |
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