Profit And Loss Appropriation Account: - Amount Written Off - SS2 Accounting Past Questions and Answers - page 1
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Question:
The following transactions were gotten from the company account of ABC TECH for February 2023. You are required to prepare the profit and loss appropriation account
|
Date |
Particulars |
Amount (₦) |
|
1 July |
Amount written off for research and development |
50,000 |
|
3 July |
Depreciation on office equipment |
20,000 |
|
5 July |
Provision for doubtful debts |
10,000 |
|
8 July |
Loss on disposal of fixed assets |
30,000 |
|
10 July |
Advertising expenses |
15,000 |
|
12 July |
Interest expense |
25,000 |
|
15 July |
Salaries and wages |
100,000 |
|
18 July |
Rent expense |
50,000 |
|
20 July |
Bad debt expense |
5,000 |
|
22 July |
Insurance expense |
12,000 |
|
25 July |
Utilities expense |
8,000 |
|
28 July |
Bank charges |
3,000 |
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