Results 1 to 3 of 3

Thread: T Accounts Question

  1. #1
    New Member
    Join Date
    May 2021
    Location
    Cape Town
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts

    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 ?

  2. #2
    New Member
    Join Date
    May 2021
    Location
    Durban
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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:	160 
Size:	27.3 KB 
ID:	8179

  3. #3
    New Member
    Join Date
    May 2021
    Location
    Cape Town
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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

Similar Threads

  1. [Question] Sage Accounts Question
    By captainbrian in forum Accounting Forum
    Replies: 0
    Last Post: 13-Aug-18, 03:29 PM
  2. [Question] STD GL Accounts for Pastel
    By ultramel123 in forum Accounting Forum
    Replies: 0
    Last Post: 05-Sep-16, 03:26 PM
  3. [Question] I need help in creating GL sub accounts
    By Proppie in forum Accounting Forum
    Replies: 6
    Last Post: 20-Jun-16, 09:22 AM
  4. contra accounts
    By pegasus in forum Accounting Forum
    Replies: 0
    Last Post: 22-May-15, 08:56 AM
  5. November 2010 Paper 2 Exam Question 1 and Question 2 (ANSWERS)
    By Fikani2010 in forum Electrical Contracting Industry Forum
    Replies: 10
    Last Post: 12-May-13, 10:49 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •