T Accounts Question

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Geegeesgee
    New Member
    • May 2021
    • 2

    #1

    T Accounts Question

    Hi All
    I have a very difficult question 🥴Company 1 bought from Company 2 but they don't have loan accounts with each other just with Company 3. How would I do the T Accounts ?
  • skitrav
    New Member
    • May 2021
    • 4

    #2
    Not sure why you would want to do that as it doesn't make sense but see basic workings below. Hope this helps!

    Click image for larger version

Name:	Loan.jpg
Views:	1
Size:	27.3 KB
ID:	265945

    Comment

    • Geegeesgee
      New Member
      • May 2021
      • 2

      #3
      Thank you for this .
      Exactly why I asked the question on here as it does not make sense at all . I’ve asked people high up in accounting and does not understand it as well . The question was part of an interview questionnaire . Not sure where they got the questions from

      Comment

      Working...