Junior Cycle Business Studies Cash Accounts & Trial Balance: Food2Go Ltd is a fast food retai

Question

Food2Go Ltd is a fast food retailer which operates in 10 locations in Dublin. Complete the Analysed Cash Book of Food2Go Ltd for the month of May from the information provided below and balance the account.

Date	Transaction	Amount
01/05/2019	Shareholders invested in company	21,500
04/05/2019	Sold goods	12,000 + VAT at 13.5%
06/05/2019	Paid wages	3,000
15/05/2019	Purchased goods for resale	5,600 + VAT at 13.5%
23/05/2019	Paid electricity	670
27/05/2019	Paid wages	2,850

Amount of money in the Food2Go Ltd bank account at the end of the month: €

(ii)

Post all totals and balances from the analysed cash book of Food2Go Ltd to the relevant ledger accounts below.

Food2Go Ltd is a fast food retailer which operates in 10 locations in Dublin - Junior Cycle Business Studies - Question (a) - 2019

Worked Solution & Example Answer:Food2Go Ltd is a fast food retailer which operates in 10 locations in Dublin - Junior Cycle Business Studies - Question (a) - 2019

(b)(iii) Explain one benefit to Ireland of having a low corporation tax rate

Join the Junior Cycle students using SimpleStudy...