Ecz Principles of Accounts gce grade 12 2009 paper 2
The following descriptions refer to the balances appearing in B. Mafiba’s ledger at the end of the year on 30 June 2009.
- Maliba has invested K20 000 000 in the business.
- Makuba owes 8. Maliba K75Q 000.
- There is a bank overdraft of K450 000.
- amount of K300 000 is owing to J. Mwandiia.
A half-year’s interest of K250 000 is due on a bank loan.required to give the name of the account for each description above and state whether the balance is debit or credit.
