Books of Thuuthuka Hotel – Accounting Assignment Help

Books of Thuuthuka Hotel – Accounting Assignment Help
Assignment Task

The following information was extracted from the books of Thuuthuka Hotel on 30 June 2021.                        


                        


Rooms department    Food & Beverages department              General


Sales                                      R620,000                                    R530,000


Rent income                           R10,000 


Miscellaneous income            R39,000            


Other sales                             R24,000


Opening stock                        R25,000                


Purchases                              R181,000 


Closing inventory                   R18,000                


Wages                                    R220,000                                    R179,000                


Direct expenses                     R172,000                                    R136,000                


Rates                                      R55,000            


Depreciation                           R89,000            


Heat, light & power                 R12,000            


Administration expenses        R85,000            


                        


Floor area    8 000m2    2 000m2                


                        


Depreciation and administration costs are apportioned to income generating departments using sales generated whilst rates and heat, light & power are apportioned according to floor area.



Required:                         


1. Prepare trading, profit and loss statement for the year ended 30 June 2021 using the gross profit method


2. Prepare trading, profit and loss statement for the year ended 30 June 2021 using the departmental profit method


3. Prepare trading, profit and loss statement for the year ended 3o June 2021 using the net profit method


4. Comment on the performance of each department

This Accounting Assignment has been solved by our Accounting experts at Schooling Best. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.


Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER